PANews reported on December 17 that according to CoinDesk, brokerage firm Benchmark said in a report on Monday that MicroStrategy (MSTR) being included in the Nasdaq-100 is a big deal, but in the medium term, it may be a bigger opportunity if it can be included in the US S&P 500 in the future. Earlier news said that MicroStrategy will be included in the Nasdaq-100 index on December 23.
The report said the company founded by Michael Saylor easily met the market capitalization and trading volume requirements of the S&P 500 inclusion criteria, but currently does not meet the other two requirements. The company needs to report positive earnings in the most recent quarter, as well as "positive earnings for four consecutive quarters combined." But MicroStrategy has said it plans to adopt new Financial Accounting Standards Board guidance for Bitcoin held on its balance sheet starting in the first quarter of 2025, which will "enable it to immediately begin reporting positive earnings."
Bernstein said in a report on Monday that MicroStrategy became the first Bitcoin company to enter the Nasdaq 100 Index and will become the 40th largest company in the index with a weight of 0.47%. MicroStrategy's entry into the Nasdaq 100 Index is an important milestone for the stock because the fifth largest ETF by assets under management, the Invesco QQQ Trust Series ETF, will include it in its index along with many other companies.
