The Nasdaq in the United States announced after the market close on Friday that the well-known Bitcoin holding giant, the publicly traded company MicroStrategy (MicroStrategy), will officially be included in the Nasdaq 100 index on December 23, which also leads analysts to predict that MicroStrategy will see billions of dollars in passive investment in the future.
At the same time, MicroStrategy co-founder and executive chairman Michael Saylor posted on the X platform stating that he expects the Bitcoin mining company MARA (Marathon Digital Holdings) to be the next company to be included in the Nasdaq 100.
MARA Increased Holdings by $1.1 Billion in BTC Last Week
Reviewing recent developments, on December 10, the Bitcoin mining company MARA announced that it had purchased 11,774 Bitcoins at an average price of $96,000 per Bitcoin, for a total transaction amount of $1.1 billion. For this large-scale Bitcoin purchase, MARA used a zero-coupon convertible debt (Zero-Coupon Convertible Notes) financing method, which allows the company to issue debt without paying interest and can be converted into stock in the future. Currently, MARA is the second-largest publicly traded company in the world in terms of Bitcoin holdings, with 40,435 BTC, second only to MicroStrategy.
Additionally, MARA's latest financial report shows that its Bitcoin mining revenue reached 12.3% this quarter, and its year-to-date return has reached 47.6%, demonstrating strong profitability against the backdrop of rising cryptocurrency market capitalization. In addition to its impressive mining revenue performance, MARA has also taken important steps to expand its mining capacity, recently announcing that it has signed an agreement to acquire a wind farm located in Hansford County, Texas, which has a grid-connected capacity of 240 MW and a nominal wind power generation capacity of 114 MW, and has also built an adjacent data center.
Which Crypto Company is Next to Enter the Nasdaq 100 Index?
Unlike MicroStrategy, MARA's core business is focused on mining efficiency, energy costs, and equipment updates, which means its stock price is not only affected by the Bitcoin price, but also depends on the economic viability of its mining business and the stability of the regulatory environment. However, when Bitcoin prices are relatively low, mining costs may exceed revenue, posing potential operational risks.
According to the latest data from Google Finance , MARA's stock price has risen 16.74% in the past six months, showing good growth potential. However, compared to MicroStrategy's market capitalization, which is approaching $98 billion, MARA still has a significant gap in its position in the capital market.
