MicroStrategy Nasdaq’s first $2.1 billion ETF buying period could be triggered

A significant change may come to the Nasdaq-100 index.

Senior Bloomberg ETF analysts James Seifert and Eric Balchunas He broke down the numbers On Thursday, MicroStrategy's inclusion makes it the 40th largest holding in the index with an estimated weighting of 0.47%.

An official announcement is expected on December 13, with implementation scheduled for next week, analysts said.

Seifert said it plans to include at least “$2.1 billion in equity ETFs,” which represents “about 20% of daily volume,” it said collectively. Note.

The analyst noted that while MicroStrategy's inclusion in the S&P 500 is challenging due to profit requirements, upcoming Bitcoin accounting changes could open that door in 2025.

While inclusion isn't guaranteed, Balchunas says it's “the best guess going up.” Balchunas also They responded by saying To inquire about possible reasons for excluding none of the observed.

Nasdaq and MicroStrategy did not immediately return a request for comment.

Another watershed period

It could mark a watershed moment for crypto-focused companies entering mainstream financing.

The Nasdaq-100, which serves as a key benchmark for sectors such as technology, consumer services and healthcare, features the 100 largest non-financial companies listed on the Nasdaq exchange.

Its use and performance directly affects market sentiment and investment flows, particularly in growth-oriented sectors of the US economy.

The index supports several investment products, notably the Invesco QQQ Trust ETF, making it an important means of institutional and retail market participation.

With roughly $550 billion in ETF assets tracking the index, membership changes can trigger significant portfolio adjustments and can significantly affect trading volumes and market volatility.

It comes as a micro strategy It is spread Another 21,550 BTC for $2.1 billion at $98,000 per coin on Monday. It is also the company's fifth-straight acquisition. The most recent purchase brings the total crypto war chest to 423,650 BTC, worth $42 billion at current prices.

The market has noticed this. Shares of MicroStrategy are up more than 450% this year, outpacing Bitcoin's 110% climb over the same period.

As a result, the company's market cap has grown to $82 billion — up from $54.8 billion a month earlier — as traditional investors seek exposure to crypto in mainstream equity markets.

Edited by Sebastian Sinclair.