Bernstein: MicroStrategy may accelerate growth due to inclusion in the NASDAQ 100 index
On December 11, Bernstein analysts predicted that the growth momentum of MicroStrategy (MSTR) will accelerate due to its potential inclusion in the NASDAQ 100 index and the new U.S. government's focus on the crypto sector. The analysis suggests that MicroStrategy is expected to enter the NASDAQ 100 index on December 23, which could bring at least $2.1 billion in net ETF purchases. The company recently added $16 billion worth of Bitcoin, with its current trading price being a premium of 147% over Bitcoin's net asset value. Analysts predict that with its inclusion in the index and changes in accounting rules, it may join S&P 500 Index in future. Since beginning of this year, MicroStrategy's stock has risen more than 444%, closing up by 3.3% on Tuesday at $377.32.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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