MicroStrategy Poised for Nasdaq 100 Inclusion, ETFs to Buy $2.1 Billion

MicroStrategy Inc. is poised to be added to the Nasdaq 100 index, with an announcement expected at 8 p.m. ET on Friday, December 13, 2024. There's a 90% chance of inclusion according to Polymarket, and Bloomberg Intelligence has also predicted this outcome. The potential inclusion has sparked speculation that exchange-traded funds (ETFs) might purchase at least $2.1 billion worth of its shares. The addition could significantly boost MicroStrategy's stock value, given its transformation into a major Bitcoin investor. Passive index fund managers will have to start buying MicroStrategy shares as early as the day after the announcement, with changes effective on December 23. The Nasdaq-100 index rebalancing is part of a broader update that could see companies like Palantir Technologies Inc. and Equinix Inc. added, while others like Moderna Inc. and Super Micro Computer Inc. might be removed. The decision could have implications for capital flows into MicroStrategy and potentially into Bitcoin, as the company's strategy has been closely tied to its Bitcoin holdings.

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