MicroStrategy Signals Potential Bitcoin Purchase Following Nasdaq-100 Inclusion
Michael Saylor, co-founder of MicroStrategy, has indicated a possible new Bitcoin purchase following the company's inclusion in the Nasdaq-100 Index. This development enhances MicroStrategy's status in technology and finance. Saylor also suggested that Marathon Digital Holdings might be next to join the index.
On December 15, Saylor referenced the SaylorTracker, which tracks MicroStrategy's Bitcoin acquisitions, hinting at a potential new purchase. His recent social media activity has raised speculation about imminent acquisitions, often followed by official announcements.
MicroStrategy's Bitcoin holdings have surpassed 171,000 BTC, with investments exceeding $15 billion. A new acquisition would mark the first since joining the Nasdaq-100 on December 13. Analysts expect this move could lead to MicroStrategy's entry into the S&P 500, contingent on achieving positive earnings over four quarters, as noted by CoinDesk’s James Van Straten.
Van Straten forecasts that with upcoming Financial Accounting Standards Board (FASB) regulations in early 2025, and if Bitcoin reaches $120,000, MicroStrategy might report $25 billion in net income, potentially qualifying for the S&P 500 by Q2 2025.
Marathon Digital Holdings is also aiming for Nasdaq-100 inclusion. Saylor acknowledged Marathon as a strong contender after recognizing CEO Fred Thiel's achievements. However, Marathon faces hurdles, including a market capitalization below the $10 billion required for index inclusion.
Despite challenges, Marathon has increased its Bitcoin reserves, investing over $1 billion in December to reach 40,435 BTC, valued at nearly $3.9 billion. This positions Marathon as the second-largest corporate Bitcoin holder after MicroStrategy. The company's expansion solidifies its role in institutional crypto investment.
These developments reflect the growing corporate adoption of Bitcoin, with MicroStrategy and Marathon Digital at the forefront. Their initiatives highlight the increasing significance of digital assets in institutional investment, as companies seek to enhance their market influence and prepare for future opportunities.