Microstrategy, the software firm led by Michael Saylor, recently made headlines after achieving a listing on the Nasdaq-100 Index. This move has sparked a wave of speculation within the Bitcoin ecosystem, with companies like MARA Holdings extending their congratulations to Microstrategy.
Analysts have observed that Microstrategy’s decision to invest in Bitcoin as a means of safeguarding its reserve assets has not only boosted the appeal of its stock but also aligned it with the performance of Bitcoin itself. Bernstein analysts predict that the market may set its sights on S&P 500 inclusion for Microstrategy by 2025, following its Nasdaq-100 inclusion.
The brokerage firm also anticipates continued improvement in Microstrategy’s prospects next year, along with increased visibility and recognition, thanks to the Nasdaq-100 inclusion and potential fresh ETF inflows.
Is MARA Next In Line?
Interestingly, Michael Saylor shared his thoughts on the X platform, suggesting that the Bitcoin mining company MARA could be the next addition to the Nasdaq-100 index. This statement underscores the growing influence and acceptance of cryptocurrency-related companies within traditional financial markets.
Notably, Fred Thiel, the Chairman and CEO of MARA Holdings, congratulated Microstrategy on its listing and hailed it as the first Bitcoin treasury company to join the Nasdaq-100. In response, Saylor expressed his belief that MARA Holdings could soon join the prestigious Nasdaq-100 list.
Are MARA’s Chances Higher?
Both Microstrategy and MARA Holdings are bolstering their treasury reserves through substantial Bitcoin purchases. Despite operating under different business models, their shared emphasis on BTC serves as a common thread. MARA Holdings recently raised over $700 million through a private note offering this month. While achieving a similar listing may still be a distant goal for MARA Holdings, CEO Thiel affirmed that the company is diligently working towards that milestone.
Shift in Investor’s View
With an increasing number of companies adopting a Bitcoin-first strategy, Michael Saylor’s optimistic outlook on MARA’s prospects reflects a shifting landscape in investor sentiment.
The potential inclusion of MARA in the Nasdaq-100 would signify a significant achievement for the company and the broader cryptocurrency industry, signaling its integration into mainstream financial indices. As the cryptocurrency market expands, the inclusion of companies like MARA in major indices could indicate a changing perception among traditional investors towards digital currencies and their underlying infrastructure.