Right now, Bloomberg ETF analysts Eric Balchunas and James Seyffart introduced that MicroStrategy (MSTR) is predicted to enter into the Nasdaq 100 (QQQ) later this month on December 23.
$MSTR is more likely to be added to $QQQ on 12/23 (w/ announcement coming 12/13). Moderna more likely to get boot (symbolic). Beneath is greatest guess of provides/drops by way of @JSeyff. Probably a 0.47% weight (fortieth largest holding). There's $550b of ETFs monitoring the index. S&P 500 add subsequent yr prob. pic.twitter.com/rmTavtvWQL
— Eric Balchunas (@EricBalchunas) December 10, 2024
“MicroStrategy will possible enter the Nasdaq 100 Index on Dec. 23, and we anticipate web shopping for of no less than $2.1 billion in shares by ETFs to observe, equal to about 20% of every day quantity,” Seyffart explained. “Becoming a member of the S&P 500 shall be harder due to a scarcity of revenue, although an accounting-rule change surrounding Bitcoin valuations might make MicroStrategy eligible in 2025.”
Internet shopping for of $2.1 billion can be an added enhance to MSTR, which has already outperformed most main shares and likewise bitcoin this yr — up 450% year-to-date on the time of writing. MSTR, powered by its relentless bitcoin acquisition technique, has seen its inventory skyrocket to a brand new all time excessive this yr for the primary time since March 10, 2000.
MSTR has already acquired over 170,000 bitcoin since saying its plans to lift $42 billion to buy extra BTC in late October.
Balchunas acknowledged that the official announcement of MSTR getting added to QQQ is predicted to come back this Friday, December 13.
“Once more that is our greatest estimate of what’s going to go down,” Balchunas concluded. “We do not work at Nasdaq. FYI!”