US EditionBitcoin Hoarding Company Strategy Remains in Nasdaq 100
Strategy maintained its Nasdaq 100 position despite scrutiny over its bitcoin-focused model as MSCI considers potential exclusions in January.
- On Dec 12, Strategy, the bitcoin-hoarding company, retained its spot in the Nasdaq 100, extending a year-long stint after first joining under the technology sub-category.
- Strategy began as software company MicroStrategy and pivoted to bitcoin investing in 2020, pioneering a buying and holding model that spawned copycats and drew market watchers' comparisons to investment funds.
- Later this month the Nasdaq 100 reconstitution takes effect on Dec 22, with Nasdaq removing Biogen, CDW Corporation, Globalfoundries, Lululemon Athletica, On Semiconductor and Trade Desk, while adding Alnylam Pharmaceuticals, Seagate Technology and Western Digital.
- MSCI is due to decide in January whether to exclude Strategy and similar companies from its benchmarks, as the global index provider has raised concerns about digital-asset treasury firms.
- Analysts note rising worries about sustainability and volatility for crypto treasury companies, as concerns grow over their shares’ extreme sensitivity to Bitcoin’s gyrations.
23 Articles
23 Articles
Channel News Asia
Bitcoin hoarding company Strategy remains in Nasdaq 100
Dec 12 : Bitcoin hoarding giant Strategy clung to its place in the Nasdaq 100 on Friday, continuing its year-long stint in the benchmark at a time where analysts have raised questions over its business model. Some market watchers have suggested Strategy's pioneering business model of buying-and-holding bit
Strategy Keeps Its Spot in the Nasdaq 100 as Bitcoin Bet Grows to $60B
What Happened in This Year’s Nasdaq 100 Rebalancing? Strategy, formerly MicroStrategy, retained its place in the Nasdaq 100 during this year’s rebalancing — its first test since joining the benchmark in December 2023. The outcome gives the company continued visibility in one of the world’s most tracked equity indices, even as its share price remains under pressure. The move comes as Strategy deepens its role as the largest corporate holder of Bi…
Strategy Retains Nasdaq 100 Inclusion as MSCI Reviews Benchmark Eligibility
TLDR Strategy keeps its Nasdaq 100 spot despite bitcoin-focused business model concerns. Nasdaq removes seven companies while adding six, reflecting index recalibration. MSCI will review Strategy and similar firms for benchmark eligibility in January. CEO Phong Le raised $1.44B in eight days to support investor confidence. Strategy (MSTR.O), the bitcoin-focused firm formerly known as MicroStrategy, has maintained its position in the Nasdaq 100 …
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