"MicroStrategy will likely enter the Nasdaq 100 Index on Dec. 23, and we expect net buying of at least $2.1 billion in shares by ETFs to follow, equal to about 20% of daily volume," Seyffart explained. "Joining the S&P 500 will be tougher because of a lack of profit, though an accounting-rule change surrounding Bitcoin valuations could make MicroStrategy eligible in 2025."
"Net buying of $2.1 billion would be an added boost to MSTR, which has already outperformed most major stocks and also bitcoin this year - up 450% year-to-date at the time of writing. MSTR, powered by its relentless bitcoin acquisition strategy, has seen its stock skyrocket to a new all-time high this year for the first time since March 10, 2000."
"Balchunas stated that the official announcement of MSTR getting added to QQQ is expected to come this Friday, December 13."
"Again this is our best estimate of what will go down, Balchunas concluded. We don't work at Nasdaq. FYI!"
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