Enterprise intelligence agency MicroStrategy is broadly anticipated to be added to the Nasdaq-100 index later at the moment.
The record of constituents shall be up to date at 8 p.m. ET (01:00 UTC).
In accordance with Polymarket customers, there’s presently a 77% likelihood that the agency shall be added to the aforementioned index.
Earlier this week, MicroStrategy co-founder Michael Saylor mentioned that he was not sure whether or not his firm would find yourself being included within the index. “That is one thing that we have now no management over, it is above my paygrade. It is going to both occur or will not occur,” he mentioned
The Nasdaq-100 index, which boasts a market cap of $27.85 trillion, consists of such main firms like Alphabet, Meta, and Airbnb. The full income of all the firms which can be a part of the index has surpassed $4.2 trillion over the previous 12 months.
The seemingly addition of MicroStrategy to the Nasdaq-100 signifies that ETFs with roughly $350 billion value of belongings underneath administration will now have to purchase the corporate’s shares.
As reported by U.In the present day, MicroStrategy appeared among the many prime 100 greatest firms by market capitalization final 12 months, inching nearer to surpassing chip large Intel.
The corporate’s shares are presently up 2.16% forward of its seemingly look on the Nasdaq-100 index.
As reported by U.In the present day, MicroStrategy is predicted to hitch information analytics agency Palantir amongst newly added firms.
Bitwise, the main cryptocurrency index fund supervisor, additionally just lately predicted that Coinbase, the highest US crypto alternate, would be part of the S&P 500 index in 2025.