Strategy Maintains Position in Nasdaq 100 Amid Annual Reshuffle
- Strategy (MSTR) has accumulated a total of 660,624 BTC valued at approximately $59.55 billion.
- The firm was added to the Nasdaq 100 index last December, pivoting from its original business software model to a focus on Bitcoin.
- This year’s reshuffle removed six companies, including Biogen and Lululemon, while adding Alnylam Pharmaceuticals and Seagate Technology.
- MSCI is set to decide in January whether to exclude crypto treasury companies like Strategy from its benchmarks due to concerns about their classification.
- Analysts have criticized Strategy for functioning more as an investment vehicle than a traditional business entity.
The decision by Nasdaq allows Strategy to continue operating within the index despite scrutiny regarding its business model, which heavily relies on Bitcoin prices. This situation highlights ongoing debates about the classification of cryptocurrency-focused firms in financial indexes.
With over $59 billion in Bitcoin holdings, Strategy’s position in the Nasdaq remains significant amid broader market changes.(Source)
