TechFlow reported on December 17 that, according to The Block, MicroStrategy will officially join the Nasdaq-100 Index on December 23, 2024, becoming the first Bitcoin-related stock to be included in the index. Bloomberg analysts estimate the company will receive a 0.47% weight, ranking 48th, and is expected to attract approximately $2.1 billion in passive fund inflows. The company currently holds 439,000 bitcoins, with a total value exceeding $45 billion, representing about 2% of Bitcoin's total supply.
Notably, MicroStrategy plans to adopt the new accounting standard issued by the Financial Accounting Standards Board (FASB) in the first quarter of 2025, which allows companies to measure digital assets at fair value and recognize changes in fair value in net income for each reporting period. Benchmark analyst Mark Palmer believes this change could help the company meet the profitability requirements for inclusion in the S&P 500 Index by June 2025, paving the way for a potential addition to the S&P 500.
