Close Menu
Cryprovideos
    What's Hot

    Solely 320 Billion Shiba Inu Transacted in 24 Hours; Elon Musk Brings up Bitcoin 1st Time in 3 Years; 10,710,000,000 in DOGE as Open Curiosity Returns to Peak Ranges: Crypto Information Digest by U.As we speak

    June 4, 2025

    $400,000,000 Coinbase Hack Linked to India-Primarily based Worker Caught Taking Images of Pc Display: Report – The Every day Hodl

    June 4, 2025

    XRP Ledger battles inflow of rip-off crypto tasks as Ripple eyes world monetary position

    June 4, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Bitcoin»Michael Saylor’s Relentless Deal with Bitcoin Lands His Agency within the Nasdaq-100 Index
    Michael Saylor’s Relentless Deal with Bitcoin Lands His Agency within the Nasdaq-100 Index
    Bitcoin

    Michael Saylor’s Relentless Deal with Bitcoin Lands His Agency within the Nasdaq-100 Index

    By Crypto EditorDecember 14, 2024No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    On December 13, the Nasdaq inventory change, based in 1971, which pioneered the idea of digital buying and selling and which hosts lots of the world’s main tech corporations, introduced that on December 23, MicroStrategy Inc., which is without doubt one of the firms listed on the change, would get added to the Nasdaq-100 Index, which is a inventory market index launched in January 1985 that tracks the efficiency of the 100 largest (by market capitalization) non-financial corporations listed on the Nasdaq change.

    It’s value stating that Nasdaq-100 and QQQ aren’t the identical — the previous is an index whereas the latter is an exchange-traded fund (ETF). QQQ, which is formally referred to as the Invesco QQQ Belief, is an ETF that tracks the efficiency of the Nasdaq-100 index, offering buyers with a option to get publicity to the corporations within the Nasdaq-100 by way of a single funding product.

    Nasdaq additionally introduced that two different corporations can be becoming a member of MicroStrategy on Nasdaq-100: Palantir Applied sciences Inc. (PLTR) and Axon Enterprise, Inc. (Nasdaq: AXON).

    Though Nasdaq is greatest identified for being the world’s premier change for tech corporations, in actuality it hosts corporations from a various array of sectors. One other index launched concurrently the Nasdaq-100 is the Nasdaq Monetary-100 Index, which consists of the the 100 largest (by market cap) monetary corporations.

    The Nasdaq-100 is reconstituted yearly in December, “timed to coincide with the quadruple witch expiration Friday of the quarter,” with the modifications turning into efficient simply earlier than the market opens, often some date in mid-to-late December.


    Getting added to the Nasdaq-100 is a large badge of honor for tech corporations, and it is vitally exhausting to think about MicroStrategy ending up there if it not had been for co-founder (and presently government chairman) Michael Saylor and his sturdy perception in and advocacy for Bitcoin because the agency’s struggling software program enterprise is reporting more and more decrease income and more and more larger losses primarily based on the newest monetary outcomes. For Q3 2024, the agency recorded a income of $116.1 million and a internet lack of $340 million.

    So, how come MicroStrategy has a market cap of practically $98 billion? Effectively, that every one comes all the way down to the choice — introduced in August 2020, to undertake Bitcoin (BTC) as a main treasury reserve asset. That is additionally when it disclosed that it had purchased 21,454 bitcoins at an combination buy worth of $250 million. Below Saylor’s management and steering, the agency has wager its future on Bitcoin and repeatedly saved accumulating Bitcoin.

    As of December 9, the agency owned 423,650 bitcoins (which has a present worth of round $43 billion, which has been acquired for a complete price of round $25.6 billion, making it the biggest company holder of BTC.

    MicroStrategy has acquired 21,550 BTC for ~$2.1 billion at ~$98,783 per #bitcoin and has achieved BTC Yield of 43.2% QTD and 68.7% YTD. As of 12/8/2024, we hodl 423,650 $BTC acquired for ~$25.6 billion at ~$60,324 per bitcoin. $MSTR https://t.co/8r7bFqMFof

    — Michael Saylor⚡️ (@saylor) December 9, 2024

    Because of this roughly 46.9% of MicroStrategy’s market capitalization is immediately attributable to its Bitcoin holdings on the present worth. This leaves about 53.1% of the market cap representing the corporate’s core enterprise, different property, and a premium for its Bitcoin technique.

    Featured Picture through Pixabay





    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Solely 320 Billion Shiba Inu Transacted in 24 Hours; Elon Musk Brings up Bitcoin 1st Time in 3 Years; 10,710,000,000 in DOGE as Open Curiosity Returns to Peak Ranges: Crypto Information Digest by U.As we speak

    June 4, 2025

    Semler Scientific Acquires 185 Bitcoin, Growing Complete Holdings To 4,449 BTC

    June 4, 2025

    Worth predictions 6/4: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, HYPE, LINK

    June 4, 2025

    Armstrong, Musk Slam U.S. Debt, Warn of Bitcoin Shift – Bitbo

    June 4, 2025
    Latest Posts

    Solely 320 Billion Shiba Inu Transacted in 24 Hours; Elon Musk Brings up Bitcoin 1st Time in 3 Years; 10,710,000,000 in DOGE as Open Curiosity Returns to Peak Ranges: Crypto Information Digest by U.As we speak

    June 4, 2025

    Semler Scientific Acquires 185 Bitcoin, Growing Complete Holdings To 4,449 BTC

    June 4, 2025

    Worth predictions 6/4: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, HYPE, LINK

    June 4, 2025

    Armstrong, Musk Slam U.S. Debt, Warn of Bitcoin Shift – Bitbo

    June 4, 2025

    Reality Social Seeks to Launch Spot Bitcoin ETF through NYSE Arca

    June 4, 2025

    An settlement in South Korea: new treasurer for Bitcoin

    June 4, 2025

    Shockingly Bullish Bitcoin Value Prediction Made by Legendary Enterprise Capitalist

    June 4, 2025

    South Korea’s new president races to approve Bitcoin ETFs for 16 million merchants

    June 4, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Greatest Crypto To Purchase Now? First Decentralized Meme Coin Index ‘Meme Index’ Begins Presale

    December 24, 2024

    Binance to Delist Non-MiCA Stablecoins in Europe by March 31 | Reside Bitcoin Information

    March 3, 2025

    Telegram malware scams spike 2,000% as crypto buyers face new risk

    January 17, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.