MicroStrategy Set to Join Nasdaq 100, Boosting Bitcoin Exposure

MicroStrategy is set to join the Nasdaq-100 Index, marking the first bitcoin-centric company to do so, which will expose its stock to billions in passive investment flows. This inclusion will significantly increase the index's exposure to bitcoin, as MicroStrategy holds about $42 billion in BTC. The move could lead to further interest from ETFs like the SPDR S&P 500 Trust, potentially offering millions of investors indirect bitcoin exposure. However, there is a possibility that MicroStrategy might be reclassified as a financial firm due to its heavy reliance on bitcoin holdings.