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MicroStrategy, the largest corporate holder of Bitcoin, will officially join the Nasdaq-100 index effective Dec. 23

MicroStrategy, the largest corporate holder of Bitcoin, will officially join the Nasdaq-100 index effective Dec. 23

Inclusion also signifies that the company is among the most valuable and must maintain its stock performance to stay included. Poor performance or a drop in market cap can lead to exclusion

MicroStrategy, the largest corporate holder of Bitcoin, will officially join the Nasdaq-100 index effective Dec. 23.

The company’s inclusion follows an eventful year that saw its stock value increase more than sixfold.

To be included in the Nasdaq-100, a company must meet specific criteria and maintain a position of prominence in the stock market. For MicroStrategy, it’s among the 100 largest non-financial companies listed on the Nasdaq stock exchange based on market capitalization.

Inclusion also signifies that the company is among the most valuable and must maintain its stock performance to stay included. Poor performance or a drop in market cap can lead to exclusion, as was the case this year with Illumina, Super Micro Computer, and Moderna.

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