Reported 3 days ago
MicroStrategy's significant rise of nearly 500% in shares this year may lead to its inclusion in the Nasdaq 100 index, as the company has accumulated a massive bitcoin holding valued at approximately $42 billion. With the cryptocurrency's market value experiencing a boost following Donald Trump's U.S. election victory and MicroStrategy now ranking among the top candidates for the index reshuffle, analysts suggest that its entry could attract more investment firms and younger investors. Despite facing consecutive quarterly losses and debates regarding its classification, all indicators point toward a favorable outlook for MicroStrategy's future.
Source: YAHOO