During the annual rebalancing of the Nasdaq 100 Index, six companies were removed while three new companies were added, effective from December 22. Despite these changes, MicroStrategy, Michael Saylor’s Bitcoin treasury company, maintained its position in the index. This inclusion signifies that MicroStrategy remains part of the Nasdaq 100, a key benchmark comprising leading technology and major U.S. companies. The Nasdaq 100 Index serves as an important measure of performance for innovative and technology-driven firms in the U.S. stock market. Its annual rebalancing ensures that the companies included reflect current market conditions and financial performance, removing weaker performers and incorporating emerging firms. MicroStrategy’s distinct characteristic is its substantial investment in Bitcoin as a core asset. Founded by Michael Saylor, a prominent cryptocurrency advocate, the company highlights the growing acceptance of cryptocurrency-related investments within major financial institutions. The performance of companies in the Nasdaq 100 will continue to influence overall market trends, presenting both opportunities and challenges for firms like MicroStrategy that hold significant cryptocurrency-based assets to strengthen their market position amid volatility.
Source: coindesk
