Market Reports North America

Bitcoin Proxy Enters Nasdaq 100: MicroStrategy Joins the Big League

By RT Staff Reporters · December 18, 2024 · 2 min read

MicroStrategy, a company that’s bet big on bitcoin, is about to join the Nasdaq 100 index. This move could bring in $2 billion from passive investors, but it’s not all smooth sailing.

The firm’s journey from software provider to bitcoin powerhouse has been remarkable. Its stock has jumped over 500% this year, riding the wave of cryptocurrency enthusiasm. MicroStrategy’s strategy is simple yet bold: buy bitcoin, lots of it. They’ve acquired about 440,000 bitcoins, worth around $45 billion.

This approach has created a self-reinforcing cycle. As MicroStrategy buys more bitcoin, its stock price rises, allowing it to buy even more bitcoin. It’s a high-stakes game that’s paid off so far, but it’s not without risks.

Bitcoin Proxy Enters Nasdaq 100: MicroStrategy Joins the Big League. (Photo Internet reproduction)

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Bitcoin Proxy Enters Nasdaq 100: MicroStrategy Joins the Big League

Joining the Nasdaq 100 is a double-edged sword. It brings prestige and potential price boosts, but it also exposes MicroStrategy to new dangers. Index funds will buy the stock regardless of its fundamentals, which could artificially inflate its price. If things go south, these same funds might sell quickly, amplifying any downturn.

The company’s future now hinges on bitcoin’s performance. Unlike traditional assets, bitcoin doesn’t generate revenue. MicroStrategy is essentially betting that bitcoin’s value will continue to rise.

This story matters because it represents a new frontier in corporate strategy and investment. MicroStrategy’s bold move challenges traditional notions of corporate treasury management. It’s a high-risk, high-reward approach that could reshape how companies view cryptocurrencies.

As MicroStrategy steps onto the bigger stage, all eyes will be watching. Will their bitcoin gamble pay off, or will it prove too risky? The answer could have far-reaching implications for the future of corporate investment strategies and the mainstream adoption of cryptocurrencies.

Live Market IntelligenceCrypto — Live Market BoardInside: market breadth, the sector heatmap, currencies & rates, the Latin America scoreboard and the full instrument board.

Rio Times · Live Market Intelligence

Crypto — Live Market Board

Digital assets
Jul 22, 2026 · 14:30

Bitcoin · benchmark

65,995
-0.77%

L 65,540day rangeH 66,685

-45.00% over 12 months

Market breadth · 17 names

59% advancing

10 ▲ advancing7 declining ▼

Currencies, rates & key inputs

Ethereum

1,939

+0.57%

Solana

78.29

+0.23%

Gold

4,151

+1.96%

USD / BRL

5.06

-0.34%

Full instrument board

Instrument	Last	Change	YoY	Prev.	High	Low	Volume
BTC	65,995	-0.77%	-45.00%	66,505	66,685	65,540	30,078,492,672
ETH	1,939	+0.57%	-48.28%	1,928	1,954	1,910	10,872,282,112
SOL	78.29	+0.23%	-61.93%	78.11	78.70	77.00	1,636,900,096
XRP	1.15	+0.45%	-67.69%	1.14	1.16	1.13	1,286,287,104
BNB	572.22	-0.24%	-27.20%	573.60	575.05	567.31	1,000,264,640
ADA	0.18	+2.91%	-80.24%	0.17	0.18	0.17	284,628,832
DOGE	0.07	-0.17%	-72.94%	0.07	0.07	0.07	538,269,888
AVAX	6.63	+1.05%	-74.37%	6.56	6.65	6.47	204,100,208
LINK	8.68	+0.32%	-55.88%	8.65	8.73	8.58	201,528,704
DOT	0.85	+0.14%	-81.37%	0.85	0.86	0.83	69,251,720
LTC	46.90	+0.18%	-60.81%	46.82	47.02	46.35	184,974,656
BCH	220.38	-1.48%	-58.08%	223.70	225.27	219.57	90,472,072
TRX	0.33	-0.28%	+4.06%	0.33	0.33	0.33	423,827,264
XLM	0.19	-0.91%	-59.71%	0.19	0.19	0.19	150,495,728
HBAR	0.07	+4.23%	-73.64%	0.07	0.07	0.07	89,503,024
NEAR	1.88	-2.74%	-37.83%	1.94	1.95	1.87	180,086,672
ATOM	1.47	-1.22%	-71.31%	1.48	1.49	1.46	21,790,822
AAVE	97.94	+2.48%	-68.45%	95.57	98.47	95.25	301,149,440

Largest moves today

HBAR
0.07
+4.23%

ADA
0.18
+2.91%

NEAR
1.88
-2.74%

AAVE
97.94
+2.48%

BCH
220.38
-1.48%

ATOM
1.47
-1.22%

AVAX
6.63
+1.05%

XLM
0.19
-0.91%

The session read

The Bitcoin eased 0.77%, with breadth positive — 10 of 17 names higher. HBAR led, while NEAR lagged.

From The Rio Times

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Bitcoin Proxy Enters Nasdaq 100: MicroStrategy Joins the Big League

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Bitcoin Proxy Enters Nasdaq 100: MicroStrategy Joins the Big League

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