Reuters: Strategy shares will remain in the Nasdaq 100 index.

This article is machine translated
Show original
According to a Reuters report on December 13th, Strategy, a publicly traded Bitcoin treasury company, will remain in the Nasdaq 100 index, retaining its position and continuing its year-long inclusion in the benchmark index. This move comes against the backdrop of analysts questioning its business model. Some market observers believe that Strategy's pioneering business model, centered on "buying and holding Bitcoin long-term"—which has spawned dozens of imitators—is closer to an investment fund than a traditional operating company. Meanwhile, concerns about the sustainability of "crypto asset treasury companies" are growing. The share prices of these companies have proven extremely sensitive to Bitcoin price fluctuations. Global index provider MSCI (MSCI.N) has also expressed concerns about including digital asset treasury companies in its index system. MSCI is expected to decide in January whether to remove Strategy and similar companies from its indices.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments