Michael Saylor, the CEO of MicroStrategy, responded to MARA Holdings’ commendation by speculating that the company may be the next Bitcoin company to join the Nasdaq 100.
Michael Saylor, the founder of MicroStrategy and a proponent of Bitcoin, has predicted that crypto miner MARA Holdings will be the next Bitcoin company to join the Nasdaq 100.
“Thank you, Fred.” In response to MARA Holdings chairman and CEO Fred Thiel’s congratulations on MicroStrategy’s inclusion in the Nasdaq-100 Index, which was announced on Dec. 13, Saylor stated in a Dec. 14 X post, “I anticipate that $MARA will be the next.”
Before the trading day commences on December 23, MicroStrategy is anticipated to have joined.
“Congratulations to @saylor and $MSTR for becoming the first Bitcoin treasury company to join the Nasdaq 100,” Thiel stated.
Thiel stated that MARA is “dedicating significant effort to achieve this goal.” According to a filing with the United States Securities and Exchange Commission on December 2, the crypto miner has spent over $600 million on Bitcoin in the past two months.
The company’s inclusion in the Nasdaq 100 indicates that it is one of the 100 largest on the Nasdaq stock exchange in terms of market capitalization. According to Financecharts data, MicroStrategy’s market capitalization ended the trading week on Dec. 13 at $94.77 billion.
In the interim, MARA’s market capitalization was $7.32 billion.
In terms of stock prices, MARA concluded the trading week on Dec. 13 at $22.73, representing a 16.74% increase over the previous six months, as per Google Finance data.
MicroStrategy’s closing price was $408.67, representing a 173.27% increase in the previous six months.
In order to add new companies to the Nasdaq 100, it is necessary to eliminate existing ones. Illumina, Super Micro Computer, and Moderna will be eliminated, despite the fact that MicroStrategy was one of the three firms that were included.
MARA Holdings implored the United States to act more aggressively to “secure prominent positions in Bitcoin and Bitcoin mining” on Nov. 27, according to Cointelegraph. The company claimed that it is a matter of national security.
In a post on November 26, MARA stated that the United States is in a pressing need to protect its economic and national security interests.
The miner further stated that the United States should assume the lead in the possession of Bitcoin, as it has done with gold. This is especially important in light of the increasing trend of de-dollarization, which involves countries reducing their dependence on the US dollar.
Also Read: MicroStrategy’s Nasdaq 100 Listing Advances Bitcoin Adoption
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