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MicroStrategy’s quirky Nasdaq-100 nod could mean more risk for fund investors – Vested Daily
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MicroStrategy’s quirky Nasdaq-100 nod could mean more risk for fund investors

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MicroStrategy Inc., known for its big bets on bitcoin, will be soon joining the Nasdaq-100 index, a move that underscores the growing disconnect between the company’s nominal status as a software company and its growing prowess as a corporate holder of bitcoin.

For much of its 35-year lifespan, MicroStrategy was a business-intelligence software company. MicroStrategy

MSTR only started acquiring bitcoin in 2020 as a potential hedge against inflation, with the strategy spearheaded by the chairman and then-Chief Executive Michael Saylor. That sparked a surge in what was once a sleepy stock.

This post was originally published on Market Watch

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