The Nasdaq stock exchange announced that Michael Saylor's MicroStrategy will be added to the Nasdaq 23 index on December 100, along with two other companies, Palantir Technologies Inc. and Axon Enterprise, Inc., while Illumina Inc., Super Micro Computer Inc. and Moderna, Inc. will be removed from the list.
The crypto community was quick to react to the news that MicroStrategy had entered the top 100 companies by market cap.
Now that MicroStrategy is listed on Nasdaq, every major pension fund, sovereign wealth fund and individual retirement account in the world will have access to Bitcoin, wrote crypto analyst Will Clemente.
MicroStrategy co-founder and CEO Michael Saylor's strategy to invest in Bitcoin was a success. The company made record unrealized profits from regular BTC purchases. However, not everyone agrees with Saylor's position.
For example, on December 10, Microsoft shareholders voted against listing the flagship cryptocurrency on the tech giant’s balance sheet. This happened a few days after the company’s board of directors heard a three-minute speech from Saylor, who said that Microsoft could increase its market cap by almost $5 trillion if it started investing in BTC.
