MicroStrategy Joins Nasdaq-100 event
Overview
On 13 December 2024, Nasdaq stated that MicroStrategy would be added to the Nasdaq-100 Index as part of its yearly rebalancing. The adjustment takes effect prior to the market open on 23 December 2024. This marks the first instance of a firm centred on a bitcoin treasury strategy being included in the benchmark, granting the equity access to passive investment inflows from the numerous exchange-traded funds that track the Nasdaq-100, such as Invesco's QQQ Trust. At the time, market commentators discussed whether this addition raised the probability of eventual inclusion in the S&P 500.
Within The Counterparty graph, MicroStrategy Joins Nasdaq-100 connects to 1 tracked entity, most strongly to Strategy Inc..
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 1 of 1 total).
| Relation | Connected entity | Confidence |
|---|---|---|
launched | Strategy Inc. | 95% |
Sources
Facts in this record were checked against the following. Where a claim is not covered here, the record states only what the graph holds.
Questions on the record
On what date was MicroStrategy added to the Nasdaq-100?
The index inclusion was announced on 13 December 2024 and became effective prior to the market open on 23 December 2024.
What was the significance of this index addition?
Membership in the Nasdaq-100 subjected MSTR to passive capital flows from exchange-traded funds tracking the index, including Invesco's QQQ, and marked the first time a company focused on bitcoin entered the benchmark.