Microstrategy has joined the Nasdaq 100 index as the largest corporate Bitcoin 
$102,864 buyer. This index includes the top 100 non-financial companies, such as Amazon and Apple. According to market data as of November 29, 2024, Michael Saylor’s company ranked 40th in the Nasdaq 100, with a market value of approximately $92 billion.
Microstrategy’s Bitcoin Strategy
Michael Saylor is a strong advocate for Bitcoin, pledging to purchase it regardless of its price. The company holds about 234,650 BTC, valued at around $43 billion. This robust portfolio enhances investor confidence and supports the growth of the token‘s price.
At the time of reporting, Bitcoin is priced at $101.5k, a 2% decrease from its all-time high of $103.9k. However, its inclusion in the Nasdaq 100 could positively impact Bitcoin prices. Following the announcement, Bitcoin surged to $102.5k, marking its largest recovery since the previous all-time high.
Expectations in the Bitcoin Market
Factors such as buying pressure, high adoption rates, and increased global Bitcoin reserves may lead to a positive closing for Bitcoin by year-end. Predictions indicate that Bitcoin could reach $108.9k before the end of the year and potentially climb higher in 2025.
Prominent strategist Jeff Park summarized Microstrategy’s “buy and hold Bitcoin” strategy, clearly showcasing the company’s commitment to Bitcoin. Despite facing criticism when it began purchasing Bitcoin, Saylor’s firm has gained recognition as Bitcoin’s price surpassed $100k, bringing its portfolio to $43.18 billion.
Bottom Line
Michael Saylor’s company has been buying Bitcoin for four years, building a portfolio worth $43.18 billion. This growth supports Bitcoin’s global adoption and continuous demand. Its position in the Nasdaq 100 strengthens expectations that Bitcoin prices could reach $150k by the end of 2025, instilling optimism in the sector about Bitcoin’s future.
