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For Bitcoin enthusiasts, this milestone is a moment of vindication, showcasing how far the cryptocurrency industry has come in gaining institutional recognition.
HISTORY: MAJOR EXCHANGE NASDAQ ADDS MICROSTRATEGY TO TOP 100 STOCK INDEX
ITS 1st #BITCOIN COMPANY 🔥 pic.twitter.com/vQihZu4DQ5
— The Bitcoin Historian (@pete_rizzo_) December 14, 2024
Created in 1985, the Nasdaq 100 is an index of the top 100 non-financial companies on the Nasdaq Stock Market. These companies include Apple, Meta, Microsoft, Amazon, and Nvidia. The Nasdaq 100 serves as a benchmark for insights into performance and investor sentiment toward non-financial companies.
Founded by Michael Saylor in 1989, MicroStrategy is a business intelligence and analytics solutions company; in recent years, the company has become equally, if not more, well-known for its aggressive Bitcoin strategy.
Under Saylor, MicroStrategy began acquiring Bitcoin in 2020 as part of a bold—or foolhardy, as detractors said—$425 million investment. Fast forward four years, and MicroStrategy has only doubled down in its belief in Bitcoin, increasing its holdings by $1.5 billion earlier this month.
Currently, MicroStrategy holds over 423,650 BTC, worth around $42.8 billion, making it the largest corporate Bitcoin holder in the world.