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Bernstein: MicroStrategy may accelerate growth due to inclusion in Nasdaq 100 Index
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2024-12-11 20:32 1,555
Golden Finance reports that Bernstein analysts expect MicroStrategy’s (MSTR) growth momentum to accelerate due to its possible inclusion in the Nasdaq 100 Index and the new U.S. government’s focus on the crypto space. Analysts say MicroStrategy is expected to enter the Nasdaq 100 on December 23, or bring in at least $2.1 billion in net ETF buying. The company recently added $16 billion to its Bitcoin holdings and is currently trading at a 147% premium to Bitcoin’s net asset value. Analysts expect the company to join the S&P 500 in the future as a result of index inclusion and accounting rule changes. MicroStrategy stock is up more than 444% year to date, closing up 3.3% at $377.32 on Tuesday.
Keywords: Bitcoin
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