American business intelligence and software company MicroStrategy, co-founded by Michael Saylor, has been included in the Nasdaq-100 Index. This development has resonated throughout the Bitcoin $104,286 ecosystem, with companies like MARA Holdings congratulating MicroStrategy on this achievement.
MicroStrategy’s Inclusion in Nasdaq-100
Fred Thiel, President and CEO of MARA Holdings, congratulated MicroStrategy on its inclusion in the Nasdaq-100 Index. Thiel referred to MicroStrategy as “the first Bitcoin treasury company to join Nasdaq 100.”
Thank you. We are working hard to get there.— Fred Thiel
Michael Saylor indicated that MARA Holdings expects to join the Nasdaq-100 list shortly. Both companies are enhancing their reserves with Bitcoin, a strategy that increases their overall value.
Bitcoin Investments and Financial Performance
MARA Holdings raised over $700 million through a private bond issuance this month. Additionally, the company purchased 11,774 BTC this week, bringing its total Bitcoin reserve to 40,435 BTC, with a total value of $3.9 billion.
The Bitcoin treasury strategy that MicroStrategy adopted four years ago has positively influenced the company’s stock performance and helped it meet Nasdaq 100 criteria.
A significant shift in the crypto world is noted in various governments’ growing interest in strategic Bitcoin reserves. In the U.S., Senator Cynthia Lummis has prepared a bill that anticipates acquiring 1 million Bitcoins within five years.
Texas Representative Giovanni Capriglione has also introduced a bill aimed at creating a Bitcoin reserve in the state. Countries like El Salvador and Bhutan continue to lead in this area.
The successful Bitcoin investments of companies like MicroStrategy and MARA Holdings may encourage other nations to adopt similar strategies. The positive effect of Bitcoin investments on corporate performance could lead more firms to embrace this approach, maintaining heightened interest in Bitcoin in the markets.