Bitcoin Bull MicroStrategy Joins Nasdaq 100 – Decrypt

MicroStrategy officially joined the Nasdaq 100 on Friday, cementing its place among an elite group of companies. Nasdaq announced Listing in a press release detailing annual changes in the Nasdaq 100 Index. MicroStrategy's MSTR stock rose 0.57% in after-hours trading on news of the listing, and is currently trading at $411.00 (versus its opening price of $400.07), according to . market watch.

for bitcoin enthusiastthis milestone is a vindication moment that shows how far the crypto industry has come in terms of gaining institutional recognition.

Founded in 1985, the Nasdaq 100 is an index of the top 100 non-financial companies on the Nasdaq Stock Market. These companies include Apple, Meta, Microsoft, Amazon, and Nvidia. The Nasdaq 100 serves as a benchmark for insight into the performance and investor sentiment of non-financial companies.

Founded in 1989 by Michael Saylor, MicroStrategy is a business intelligence and analytics solutions company. In recent years, the company has become just as well-known, if not more so, for its aggressive Bitcoin strategy.

Under Saylor, MicroStrategy began acquiring Bitcoin in 2020 as part of a bold, or as critics say, reckless investment of $425 million. Four years later, MicroStrategy has doubled down on its belief in Bitcoin, increasing its holdings by $1.5 billion earlier this month.

MicroStrategy currently holds over 423,650 BTC, worth approximately $42.8 billion, making it the world's largest corporate Bitcoin holder.