Benchmark: MSTR's inclusion in the Nasdaq 100 could pave the way for its inclusion in the S&P 500
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Odaily reported that according to a report by the brokerage firm Benchmark on Monday, the inclusion of MicroStrategy (MSTR) in the Nasdaq-100 index is a big event, but in the medium term, if it can be included in the S&P 500 index in the United States, it may be an even greater opportunity. Previously, it was reported that MicroStrategy will be included in the Nasdaq-100 index on December 23. The report said that the company founded by Michael Saylor easily met the market capitalization and trading volume requirements in the inclusion criteria of the S&P 500 index, but currently does not meet the other two requirements. The company needs to report positive earnings for the most recent quarter, as well as "positive total earnings for the last four quarters". However, MicroStrategy has stated that it plans to adopt the new Financial Accounting Standards Board guidelines for the Bitcoin it holds on its balance sheet starting in the first quarter of 2025, which will "enable it to immediately start reporting positive earnings". Bernstein said on Monday in a report that MicroStrategy will become the first Bitcoin company to enter the Nasdaq-100 index and will be the 40th largest company in the index, with a weighting of 0.47%. The inclusion of MicroStrategy in the Nasdaq-100 index is an important milestone for the stock, as the fifth largest ETF by assets under management, the Invesco QQQ Trust Series ETF, will include it along with many other companies.
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