Bernstein: MicroStrategy may accelerate growth due to inclusion in the Nasdaq 100 index
Bernstein analysts expect MicroStrategy's (MSTR) growth momentum to accelerate due to its possible inclusion in the Nasdaq 100 Index and the new US administration's focus on the crypto sector. MicroStrategy is expected to enter the Nasdaq 100 Index on December 23, or bring a net ETF buy of at least $2.10 billion, the analysis said. The company recently increased its holdings of $16 billion bitcoin and is currently trading at a 147% premium to the value of bitcoin net assets. Analysts expect the company to join the S & P 500 in the future with the inclusion of the index and changes in accounting rules. MicroStrategy stock is up more than 444% year-to-date and closed up 3.3% at $377.32 on Tuesday.