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MicroStrategy, led by Michael Saylor, will be added to the Nasdaq-100 Index on December 23, joining Palantir Technologies and Axon Enterprise. This inclusion positions MicroStrategy among the 100 largest stocks by market capitalization, enhancing its visibility in the investment community, particularly for those seeking Bitcoin exposure. The move has sparked excitement in the crypto industry, with analysts predicting significant implications for institutional investment in Bitcoin.
MicroStrategy, a major player in Bitcoin investments, will join the Nasdaq 100 index on December 23, potentially boosting demand for its stock, which has surged over sixfold this year. The company's market cap stands at approximately $90 billion, despite generating less than $500 million in revenue over the past year. With 423,650 bitcoins in its possession, MicroStrategy continues to leverage its position in the crypto market, aiming for future inclusion in the S&P 500.
The cryptocurrency market approached a $3.6 trillion valuation, buoyed by $252 billion in inflows since the recent market crash. BlackRock's Ethereum ETF achieved a record 16-day buying spree, accumulating $1.5 billion in net inflows, while XRP and BNB saw price rebounds amid positive investor sentiment. In related news, MicroStrategy's potential inclusion in the NASDAQ-100 could drive significant demand for its shares, and BiT Global has filed a lawsuit against Coinbase over the delisting of Wrapped Bitcoin, alleging antitrust practices.
Bitcoin is set for a $19.8 billion options expiry on December 27, with bullish investors aiming for prices above $110,000 following a recent rally past $100,000. Current open interest shows $12 billion in call options compared to $7.8 billion in puts, positioning bulls favorably. Bears need to push prices below $95,000 to mitigate losses, while a surge above $105,000 could establish a new all-time high and sustain bullish momentum into 2026.
Nasdaq is set to announce MicroStrategy's potential inclusion in the Nasdaq-100 index, contingent on its classification as a technology company. If added, ETFs tracking the index, managing $451 billion in assets, would be required to purchase shares, potentially boosting MicroStrategy's stock price significantly. Initial net share purchases could reach around $2.1 billion, reflecting strong demand.
Riot Platforms has acquired 5,113 BTC for $510 million, increasing its total Bitcoin holdings to 16,728 BTC, valued at approximately $1.68 billion. The purchase was funded through a recent $525 million convertible bond issuance, reflecting a strategy similar to MicroStrategy's. Additionally, Riot is exploring the integration of AI capabilities into its operations, potentially stabilizing revenue amid crypto market volatility.
Hester Peirce, a Commissioner at the U.S. Securities and Exchange Commission, has outlined a vision for the agency's crypto regulatory strategy under President-elect Donald Trump. In the cryptocurrency market, Bitcoin is currently battling to maintain the $100K level after a volatile week, with significant purchases from MicroStrategy and endorsements from BlackRock potentially influencing institutional interest. As the year-end approaches, factors such as expected Fed rate cuts and a pro-Bitcoin political landscape may contribute to a potential Christmas rally.
Riot Platforms has acquired 5,117 Bitcoin for $510 million after raising $525 million through a private offering of convertible notes. This purchase increases its total holdings to 16,728 BTC, valued at approximately $1.69 billion, as the company follows a strategy similar to MicroStrategy's Bitcoin treasury reserve approach. Other miners, like Marathon Digital, are also adopting this strategy to bolster their balance sheets.
Riot Platforms has acquired approximately $510 million in Bitcoin, raising its total holdings to nearly $1.7 billion. This move aligns with activist investor Starboard Value's significant stake in the company, which has suggested repurposing mining capacity for AI services. Analysts at JPMorgan have also increased price targets for Bitcoin miners, recognizing the value of their BTC holdings and assets.
XRP is poised for a potential breakout as it trades within a descending price channel, with critical resistance at $2.50 and support near $2.30. Meanwhile, MicroStrategy is expected to be added to the Nasdaq 100, following a significant stock surge and a massive Bitcoin purchase. Bitcoin miners have reached a milestone, earning $71 billion, coinciding with Bitcoin's price surpassing $100,000 for the first time.
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