MicroStrategy (MSTR) is set to be included in one of the world’s largest exchange-traded funds, the Nasdaq-100 Index, after becoming the first bitcoin-centric company to win entry. The Nasdaq-100 Index tracks the 100 largest non-financial companies listed on the Nasdaq exchange, and is filled with dominant market names like Apple, Nvidia, Microsoft, Amazon, Meta, Tesla, and Costco. This move will exponentially increase the Nasdaq 100’s exposure to bitcoin (BTC), as MicroStrategy owns about $42 billion worth of the cryptocurrency. The addition will also expose MSTR to billions in passive investment, as ETFs tracking the Nasdaq 100 have more than $550 billion in assets under management. This development is seen as a major milestone for the cryptocurrency industry, as it further legitimizes bitcoin as a mainstream asset.
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