MicroStrategy’s upcoming inclusion in the Nasdaq 100 underscores the surge in its valuation and the mainstream recognition of its bitcoin strategy, promising broader crypto exposure for investors.
Host of CryptosRus, George Tung, outlines how this move will bring the company into the portfolios of those holding the Invesco QQQ ETF, extending its reach and impact on the broader market.
“MicroStrategy has been on an absolute tear,” says George Tung. “They are going to be added December 23rd, and because of it, the very famous Invesco QQQ ETF is going to start buying MicroStrategy.” Tung notes that “All QQQ investors will now have a little piece of MicroStrategy and have a little bit of exposure to bitcoin as well,” cementing Saylor’s vision to go all-in on bitcoin.
According to George Tung, “MicroStrategy now holds 439,000 bitcoin” and Saylor “Doesn’t plan on stopping anytime soon.” Tung explains that Saylor continues to raise awareness, stating, “He has been basically going across all mainstream media, social media, and even giving a speech or presentation to Microsoft.”
As bitcoin reaches a “Brand new high today of $107,000,” George Tung suggests that both MicroStrategy and the cryptocurrency itself are poised to “Form new highs by the end of this year and in 2025.” His comments capture the growing excitement as more institutional players gain exposure to the digital asset, driven by Saylor’s persistent advocacy and MicroStrategy’s ambitious acquisition strategy.
Despite a near 20% surge in Bitcoin’s price, MicroStrategy’s stock has flatlined over the same time period, only gaining a little more than 1%.
