Michael Saylor, the co-founder of MicroStrategy, recently shared his thoughts on a notable endorsement from Fred Thiel, the chairman and CEO of MARA Holdings. In a post on X, Saylor expressed his belief that MARA Holdings could soon find its way into the prestigious Nasdaq 100 Index, alongside MicroStrategy.
MicroStrategy’s Nasdaq 100 Induction
MicroStrategy’s announcement regarding its upcoming induction into the Nasdaq 100 came on December 13, with the official integration set for December 23, just before the market opens.
Thiel conveyed his excitement about the company’s efforts, emphasizing its commitment to achieving this milestone. MARA Holdings has been making headlines for its significant investments in Bitcoin, totaling over $600 million in just two months, as disclosed in a recent SEC filing.
Market Performance and Capitalization
Being part of the Nasdaq 100 means a company ranks among the top 100 firms on the Nasdaq stock exchange, based on market capitalization. As of the announcement, MicroStrategy boasted a market cap of $94.77 billion, according to Financecharts, while MARA Holdings registered a market cap of $7.32 billion.
Looking at market performance, MARA’s stock traded at $22.73, showing a solid 16.74% increase in the last six months, as reported by Google Finance. In stark contrast, MicroStrategy’s shares surged to $408.67, reflecting an impressive growth of 173.27% during the same period.
Government Appeal and Economic Security
It’s important to note that for new companies to join the Nasdaq 100, existing ones must exit. Along with MicroStrategy’s introduction, Illumina, Super Micro Computer, and Moderna will be removed from the index.
Additionally, MARA Holdings has called on the U.S. government to adopt more robust measures to assert dominance in Bitcoin and mining operations, framing it as a matter of national security. In a post on X, the company emphasized that safeguarding U.S. economic interests in Bitcoin should be prioritized, much like the protection of gold reserves. This appeal comes amid rising concerns about global de-dollarization, where countries are increasingly looking to lessen their reliance on the U.S. dollar.
Source: Cointelegraph
