MicroStrategy Looks Poised to Join Influential Nasdaq-100 Index. Here's What That Means for the Stock.

CoinDesk12-04

The analyst who co-wrote this piece owns shares of MicroStrategy (MSTR). Despite all the weird memecoins and degen behavior in 2024, ETFs are in the running for story of the year in cryptocurrency ...

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Here's What That Means for the Stock.","media":"CoinDesk","content":"<div>\n<p>The analyst who co-wrote this piece owns shares of MicroStrategy (MSTR).\nDespite all the weird memecoins and degen behavior in 2024, ETFs are in the running for story of the year in cryptocurrency ...</p>\n\n<a href=\"https://finance.yahoo.com/news/microstrategy-looks-poised-join-influential-170650250.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>MicroStrategy Looks Poised to Join Influential Nasdaq-100 Index. 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Here's What That Means for the Stock.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-04 01:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/microstrategy-looks-poised-join-influential-170650250.html><strong>CoinDesk</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The analyst who co-wrote this piece owns shares of MicroStrategy (MSTR).\nDespite all the weird memecoins and degen behavior in 2024, ETFs are in the running for story of the year in cryptocurrency ...</p>\n\n<a href=\"https://finance.yahoo.com/news/microstrategy-looks-poised-join-influential-170650250.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2404859667.USD","symbol_name":"FUNDSMITH EQUITY FUND \"R\" (USD) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/microstrategy-looks-poised-join-influential-170650250.html","article_id":"2488974927","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2488974927","pubTimestamp":1733245610,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The analyst who co-wrote this piece owns shares of MicroStrategy .This conveys more than bragging rights; it's membership in an exclusive club alongside giants like Nvidia , Apple  and Microsoft  in an ETF that regularly boosts daily trading volume in the tens of billions of dollars. It guarantees passive, permanent capital will flow in.The decision would also essentially bring more bitcoin into the index. Saylor has loaded up MicroStrategy with a $37 billion stockpile of bitcoin over the past four years, transforming his decades-old software firm into one of the largest crypto investors in the world. To conceptualize how much bitcoin that is, Bloomberg data shows that the $37 billion holdings are now worth more than Nvidia's  $34.8 billion  and Tesla's  $33.6 billion cash and marketable securities holdings. Now, the fortunes of a prominent conventional stock index and ETF would ride to an even greater degree on bitcoin. Tesla is already in the index and holds the cryptocurrency.This i","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2404859667.USD":"FUNDSMITH EQUITY FUND \"R\" (USD) ACC","MSFT":"微软","SNVD.UK":"LS -1X NVIDIA","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","NVD2.UK":"2X NVIDIA ETP","NVDY":"YIELDMAX NVDA OPTION INCOME STRATEGY ETF","TSLA":"特斯拉","3NVD.UK":"LS 3X NVIDIA","LU2462157665.USD":"ALLIANZ GLOBAL INCOME \"A\" (USD) INC","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","SQQQ":"纳指三倍做空ETF","BTC":"Grayscale Bitcoin Mini Trust","QQQ":"纳指100ETF","NDAQ":"纳斯达克OMX交易所","LU1989771016.USD":"东方汇理环球老龄化投资基金 A2 Acc","LU0661504455.SGD":"Blackrock Global Equity Income A5 SGD-H","MSTR":"MicroStrategy","LU1989773731.SGD":"CPR Invest - Education A2 Acc SGD-H","AAPL":"苹果","LU1791710400.SGD":"Fidelity Global Demographics A-ACC-SGD","QID":"纳指两倍做空ETF","NVD":"GraniteShares 2x Short NVDA Daily ETF","NVDD":"Direxion Daily NVDA Bear 1X Shares","NVDA":"英伟达","LU2237443465.HKD":"abrdn SICAV I -  GLOBAL DYNAMIC DIVIDEND \"A\" (HKD) INC","BK4535":"淡马锡持仓","LU2095319765.USD":"Natixis Thematics Subscription Economy R/A USD","LU1935042215.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (USD) INC A",".IXIC":"NASDAQ Composite","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0965509010.AUD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (AUDHDG) INC","NVDS":"Tradr 1.5X Short NVDA Daily ETF","FDN":"First Trust Dow Jones Internet I","LU0472753341.HKD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (HKD) ACC","PSQ":"纳指反向ETF","QLD":"纳指两倍做多ETF","NVDU":"Direxion Daily NVDA Bull 2X Shares","LU0784383803.USD":"BGF GLOBAL MULTI-ASSET INCOME FUND \"A\" (USD) INC A","TQQQ":"纳指三倍做多ETF","2NVD.UK":"2X NVIDIA ETP","NVDX":"T-REX 2X LONG NVIDIA DAILY TARGET ETF","NVDS.UK":"LS -1X NVIDIA","NVD3.UK":"LS 3X NVIDIA"},"translate_title":"MicroStrategy似乎准备加入颇具影响力的纳斯达克100指数。这对股票意味着什么。","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLA":1,"MSFT":1,"MSTR":1,".IXIC":1,"NDAQ":1,"NVDA":1,"BTC":1,"AAPL":1,"FDN":0.9,"QQQ":0.6,"TQQQ":0.6,"SQQQ":0.6,"NVD":0.6,"NVD2.UK":0.6,"NVD3.UK":0.6,"SNVD.UK":0.6,"NVDD":0.6,"NVDS":0.6,"NVDS.UK":0.6,"NVDU":0.6,"NVDX":0.6,"NVDY":0.6,"PSQ":0.6,"QID":0.6,"QLD":0.6,"2NVD.UK":0.6,"3NVD.UK":0.6,"MNQmain":0.6,"NQmain":0.6},"content_text":"The analyst who co-wrote this piece owns shares of MicroStrategy (MSTR).\nDespite all the weird memecoins and degen behavior in 2024, ETFs are in the running for story of the year in cryptocurrency investing.\nAnd that story — which began when bitcoin and ether exchange-traded funds debuted to great fanfare — might not be over. After a sixfold surge in its stock price this year, Michael Saylor's bitcoin (BTC) investment firm MicroStrategy (MSTR) looks poised to join one of the biggest exchange-traded funds around, the $312 billion Invesco QQQ ETF (QQQ).\nThat fund tracks the Nasdaq-100 Index. Every December, Nasdaq shakes up the membership list for that benchmark, which then filters into the Invesco fund (which copies Nasdaq's decisions exactly). The Nasdaq-100, roughly speaking, tracks the 100 largest non-financial companies listed on the Nasdaq exchange. There are other eligibility criteria that must be met — and MicroStrategy checks those boxes.\n“The index is passive and rules-based and it should just follow the rules. The market is indicating that MSTR belongs in the index and thus the ETF, and therefore it should be added,” said James Seyffart, ETF analyst at Bloomberg Intelligence.\nThis conveys more than bragging rights; it's membership in an exclusive club alongside giants like Nvidia (NVDA), Apple (AAPL) and Microsoft (MSFT) in an ETF that regularly boosts daily trading volume in the tens of billions of dollars. It guarantees passive, permanent capital will flow in.\nGetting added \"will open up flows to a new class of investors that would not otherwise have singularly bought a stock like MSTR on their own,\" said Jeff Park, head of alpha strategies at Bitwise. \"Indexing, in a way, is a financial tool, like banking is a financial tool, because it is a liquidity transformation tool.\"\nThe decision would also essentially bring more bitcoin into the index. Saylor has loaded up MicroStrategy with a $37 billion stockpile of bitcoin over the past four years, transforming his decades-old software firm into one of the largest crypto investors in the world. To conceptualize how much bitcoin that is, Bloomberg data shows that the $37 billion holdings are now worth more than Nvidia's (NVDA) $34.8 billion (NVDA) and Tesla's (TSLA) $33.6 billion cash and marketable securities holdings. Now, the fortunes of a prominent conventional stock index and ETF would ride to an even greater degree on bitcoin. Tesla is already in the index and holds the cryptocurrency.\n\"For millions of passive investors, owning ETFs like QQQ (which tracks the Nasdaq-100) will provide indirect bitcoin exposure to their portfolios through MicroStrategy's holdings,\" said Ben Werkman, founder of quant research firm NumerisX. \"Since these funds are often buyers at any price, their participation has the ability to potentially exert significant upward pressure on the price of the equity.\"\nThis is all technically theoretical at this point. Nasdaq will announce its decision on Dec. 13, with the membership shuffle taking place a week later. The company will base its decision on market data as of last Friday. \nAmong eligible companies, MicroStrategy is the 66th-biggest by market capitalization, according to Seyffart; the 75 largest companies automatically get into the 100-stock index. That likely equates to more than $1 billion of new money coming into the stock as Invesco buys shares to match MicroStrategy's weighting in the index.\nA potential wrinkle: Will the Nasdaq committee that makes this decision still consider MicroStrategy a non-financial company, said Mark Palmer, managing director of The Benchmark Co. Has it strayed too far from its software roots? \n\"MicroStrategy at this point meets the eligibility criteria for inclusion,\" Palmer said. However, \"its bitcoin acquisition strategy could make [the Nasdaq committee's] analysis a bit less straightforward.”\nIf MicroStrategy does get in, the resulting impact — or lack thereof — could preview what might happen if the stock gets big enough to join the even more influential S&P 500 Index, something that could happen in early 2026, Palmer added.\nEntering an index can be extremely beneficial for a publicly traded company. The question is whether the majority of returns get front-run before the inclusion or during the company's time in the index.\nWhen Tesla (TSLA) entered the S&P 500 on Dec. 21 2020, it traded around $200 a share. The stock had run up 10-fold since December 2019 heading into the inclusion. Tesla went on to make new highs in November 2021 at $400 a share. In other words, the best returns came before the index addition.\nNasdaq research shows outsized returns do tend to precede the stock entering the index, not after. \nEven still, MicroStrategy getting added would be another step toward bitcoin becoming integrated into the conventional financial system.\nWill Canny contributed reporting to this story.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2488974927"}