Source: Wind

According to a comprehensive report from the Hong Kong Wind Information Agency, on December 23,$MicroStrategy (MSTR.US)$officially join$NASDAQ 100 Index (.NDX.US)$. After joining, MicroStrategy is expected to become the 40th largest company in the NASDAQ 100 Index, with an anticipated weight of 0.47% in the NASDAQ 100 Index.

This change will place MicroStrategy among the largest ETFs in the world. $Invesco QQQ Trust (QQQ.US)$ In the market, this ETF has an asset management scale exceeding 300 billion USD. It is expected that the ETF tracking the NASDAQ 100 Index will purchase approximately 2.1 billion USD worth of MicroStrategy Stocks, accounting for about 20% of the company’s daily trading volume.

Promotion

Meanwhile, according to documents disclosed by the SEC on December 16, from December 9 to December 15, MicroStrategy acquired 15,350 units at an average price of approximately $100,386.$Bitcoin (BTC.CC)$。

Currently, the trading price of Bitcoin is about $95,000, and MicroStrategy holds a value of approximately $40.247 billion; as of the time of this publication, MicroStrategy's Market Cap is $88.695 billion.

Accordingly, for every 0.01 million yuan of the NASDAQ, there are 25 yuan of Bitcoin in the underlying assets (402.47/738*0.47%*10000).

From now on, NASDAQ investors are all part of the cryptocurrency community.

The controversy surrounding MicroStrategy's inclusion in the NASDAQ 100.

There is substantial market controversy regarding MicroStrategy's selection for the Nasdaq 100 Index. Data shows that as of the market close on December 20, the company's stock price has increased by over 400% this year.

Reports indicate that the company's core business incurred a net loss of $0.34 billion in the third quarter of this year. However, due to its holdings of Bitcoin valued at over $40 billion, the company's market cap is largely based on its strategy to Buy and Hold Bitcoin.

It is noteworthy that the company's founder and Director Michael Saylor aims to raise $42 billion over the next three years by issuing stocks and fixed-income securities, all to purchase more Bitcoin.

Some Analysts believe that the company has turned into a Bitcoin leveraged betting firm and therefore does not qualify to be among the most important 100 stocks on the Nasdaq.

Yet, there are also Analysts who argue that the concept of the Index should accurately represent all the stocks in the market. Any major company that holds significant ground in the Nasdaq market should be included in the Index.

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Editor/Rocky