MicroStrategy Inc., a software company, is about to join the prestigious Nasdaq-100 index, marking a significant shift in its focus. This move underscores the growing gap between the company’s traditional software business and its growing expertise in holding bitcoin.
For over 35 years, MicroStrategy operated as a business-intelligence software firm. However, in recent years, it has increasingly invested heavily in bitcoin, earning it a reputation for taking bold bets on the cryptocurrency market. This shift in focus is now being reflected in the company’s inclusion in the Nasdaq-100 index, which tracks the performance of 100 top publicly traded companies.
As MicroStrategy becomes part of this elite group, investors may want to reassess their views on the company’s risk profile and potential for returns. The move highlights the evolving role of cryptocurrency in the business world and its growing influence on corporate strategies.
Source: https://www.marketwatch.com/story/microstrategys-quirky-nasdaq-100-nod-could-mean-more-risk-for-fund-investors-515c0406