MicroStrategy to See $10B Inflows After S&P 500 Inclusion, MSTR Rally to $500 Soon?

Quick Summary:

MicroStrategy, the world’s largest corporate holder of Bitcoins, has witnessed a massive run-up this year with its Bitcoin accumulation strategy, and as a proxy bet to BTC.

Market analysts predict that as the MSTR stock enters the S&P 500 index, it is likely to see $10 billion inflows.

Soon after the inclusion, Woo expects $10-15 billion from passive index-tracker funds and ETFs.

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: India

Topics: 24/7 Cryptocurrency News MicroStartegy MSTR Michael Saylor MicroStrategy share price MicroStrategy Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 08:00:22 (4 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 483 words

Reading Time: 3 minutes read

Sentences: 43 lines

Sentence Length: 12 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 23511212

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