After Bitcoin breaks through $100,000, will MSTR be included in the Nasdaq? We'll find out next week

Bitcoin, which has skyrocketed from a few cents 15 years ago, has finally broken the $100,000 mark. On the morning of December 5th, Bitcoin first surpassed $100,000 per coin, reporting $102,814.5 per coin at the time of publication. Over the past five years, the price of Bitcoin has increased by 1,267%. Along with the rising tide of Bitcoin, the leading Bitcoin company MicroStrategy (MSTR) has also seen gains. Analysts believe that MSTR is expected to be included in the Nasdaq-100 Index, thereby entering the Invesco QQQ ETF (QQQ), which tracks the Nasdaq-100 Index and is valued at $312 billion. Joining QQQ means that MSTR will enter an ETF that regularly sees billions of dollars in daily trading volume alongside giants like Nvidia and Apple—this guarantees passive, permanent capital inflow for MSTR. Bitwise Chief Strategist Jeff Park stated: “This will expose MSTR to some investors who would not have purchased MSTR stock individually.” Analysts pointed out that once officially included in the Nasdaq-100 Index, Invesco funds will purchase MSTR stock to match its weight in the index, which will bring over $1 billion in new funds to MSTR. For the Nasdaq-100 Index and QQQ, including MSTR also means their fate will be more closely tied to Bitcoin. Tesla, which is already in the index and ETF, holds about $900 million in Bitcoin, but this is far less than MSTR's $37 billion position. Ben Werkman, founder of quantitative research firm NumerisX, stated: “For millions of passive investors, owning an ETF like QQQ also provides Bitcoin exposure for their portfolios, as these funds typically buy at any price, and their participation could exert significant upward pressure on (MSTR) stock prices.” The Nasdaq-100 Index roughly tracks the 100 largest non-financial companies listed on the Nasdaq exchange. Every December, Nasdaq adjusts the constituents of the Nasdaq-100 Index, and these changes are subsequently adopted by Invesco funds. On December 13th, Nasdaq will announce the final results for this year. Currently, MSTR meets all the criteria for inclusion in the Nasdaq-100 Index, and among the qualifying companies, MSTR ranks 66th in market capitalization, while the top 75 companies will be automatically included in the Nasdaq-100 Index. However, some analysts have raised the question of whether the Nasdaq committee will view MSTR as a non-financial company. Benchmark General Manager Mark Palmer stated: "MSTR currently meets the criteria for inclusion; however, its Bitcoin acquisition strategy may complicate the analysis by the Nasdaq committee."