The Nasdaq is set to announce its annual index adjustments, with MicroStrategy (MSTR, Financial) potentially being included in the Nasdaq 100. However, its heavy investment in Bitcoin might exclude it, as it is now seen as a Bitcoin leverage company rather than a traditional software firm. Analysts are divided; some argue its large market cap justifies inclusion, while others point to its financial classification challenges.
MicroStrategy's stock has surged over 500% this year, driven by its strategy to buy and hold Bitcoin. Despite a third-quarter net loss of $340 million, its market value remains largely Bitcoin-dependent. If included, the stock could see increased passive investment. Other potential Nasdaq 100 additions include Palantir (PLTR) and Axon Enterprise (AXON).
