As a seasoned analyst with over two decades of experience in the tech and finance industries, I find myself intrigued by Michael Saylor’s prediction for MARA Holdings. Given his pioneering role in embracing Bitcoin as a corporate treasury reserve asset, it seems logical that he would have a keen eye for other companies following a similar trajectory.
According to Michael Saylor, the pioneer of MicroStrategy and a firm believer in Bitcoin, MARA Holdings, a company specializing in cryptocurrency mining, could soon become the next Bitcoin-related entity to be included in the prestigious Nasdaq 100 index.
Fred, I appreciate your congratulations,” said Saylor in a Dec. 14 post, “I believe MARA Holdings could be the next big thing, following MicroStrategy’s inclusion in the Nasdaq-100 Index.” This was in response to Fred Thiel, MARA Holdings chairman and CEO, who celebrated MicroStrategy’s recent index inclusion announcement on Dec. 13.
MicroStrategy is expected to join before the trading day begins on Dec. 23.
MARA aims for Nasdaq 100
“Thiel praised MSTR and Saylor, stating they are the pioneers in becoming Bitcoin-holding companies listed on the Nasdaq 100.
According to a recent SEC filing, MARA has been putting in significant effort towards its goal, as it has invested over half a billion dollars in Bitcoin within just the past two months, as stated by Thiel.
Being part of the Nasdaq 100 indicates that the company is among the 100 largest, in terms of market capitalization, listed on the Nasdaq. As per Financecharts data, MicroStrategy ended the trading week on December 13 with a market capitalization of approximately $94.77 billion.
Meanwhile, MARA clocked a market cap of $7.32 billion.
MicroStrategy joins alongside two other companies
Regarding stock prices, Mara finished the trading week on December 13 at $22.73 per share, representing a 16.74% increase compared to its performance over the previous six months, as indicated by data from Google Finance.
MicroStrategy closed at $408.67, up 173.27% over the past six months.
To have new companies join the Nasdaq 100, some existing ones need to leave their positions. Among the additions is MicroStrategy, while Illumina, Super Micro Computer, and Moderna are set to depart from the index.
On November 27th, as reported by CryptoMoon, MARA Holdings advocated for stronger action from the U.S. government to bolster leading roles in Bitcoin and Bitcoin mining, arguing that this is essential for national security reasons.
In a November 26th post, MARA stated that the U.S. requires immediate action to safeguard both its economic and national security concerns.
As a researcher, I find myself advocating for U.S. dominance in the digital currency sphere, specifically Bitcoin. Given the increasing global trend towards de-dollarization – where nations are reducing their dependence on the U.S. dollar – it seems prudent for the U.S. to seize this opportunity and follow a similar strategy with Bitcoin as it has with gold.
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2024-12-15 07:42