MicroStrategy to Enter Nasdaq 100, Exposing Bitcoin-Linked Stock to Billions in Passive Investment Flows

Quick Summary:

The self-described Bitcoin Development Company became one of the 75 largest non-financial firms in the Nasdaq after its explosive growth this year.

"Millions of investors will now have indirect bitcoin exposure adding to the flywheel effect".

ETFs tracking the Nasdaq 100 have more than $550 billion in assets under management, said Balchunas.

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Article Details

Author / Journalist: Helene Braun

Category: Crypto

Markets: United StatesCuba

Topics: Markets MicroStrategy Michael Saylor

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-14 @ 01:02:03 (4 days ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 463 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 24501052

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Main Topics: Crypto

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News Last Updated: 18 hours ago

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