MicroStrategy founder and leading Bitcoin advocate Michael Saylor has predicted that crypto mining giant MARA Holdings could soon join the ranks of the prestigious Nasdaq 100 index.
Saylor’s forecast came in response to MARA Holdings’ chairman and CEO, Fred Thiel, who congratulated him on MicroStrategy’s recent inclusion in the Nasdaq 100.
“Thanks Fred. I expect $MARA will be the next,” Saylor shared in a Dec. 14 post on X.
MicroStrategy Joins Nasdaq 100
MicroStrategy’s addition to the Nasdaq 100 marks a significant milestone, cementing its position among the top 100 non-financial companies on the Nasdaq exchange by market capitalization.
The inclusion, set to take effect on Dec. 23, reflects the growing prominence of Bitcoin-focused firms in traditional financial markets.
As of Dec. 13, MicroStrategy’s market cap stood at $94.77 billion, while MARA Holdings reached $7.32 billion, according to Financecharts data.
Fred Thiel acknowledged Saylor’s prediction, expressing MARA’s determination to achieve similar recognition. “We’re working hard to get there,” Thiel stated.
MARA Holdings: Aiming for Nasdaq 100
MARA’s recent activities highlight its ambitions. Over the past two months, the company invested more than $600 million in Bitcoin, according to a Dec. 2 SEC filing.
This aggressive accumulation aligns with its vision of establishing a dominant position in the Bitcoin mining industry.
MARA’s stock performance has mirrored this determination, closing at $22.73 on Dec. 13—a 16.74% increase over the past six months.
MARA Acquires Nearly 12K Bitcoin
On Dec. 10, MARA announced the acquisition of 11,774 BTC, purchased at an average price of $96,000 per Bitcoin for approximately $1.1 billion.
This latest purchase, funded through proceeds from its zero-coupon convertible notes offerings, brings MARA’s total Bitcoin holdings to 40,435 BTC, valued at $3.9 billion at current prices.
MARA’s Bitcoin holdings have yielded a 12.3% quarterly return and an impressive 47.6% year-to-date yield, further solidifying its position as a leading Bitcoin-focused firm.
MicroStrategy Expands Bitcoin Holdings
MicroStrategy, already known for its aggressive Bitcoin strategy, recently acquired an additional 21,550 BTC between Dec. 2 and Dec. 8 for approximately $2.1 billion.
Purchased at an average price of $98,783 per Bitcoin, this acquisition raises MicroStrategy’s total Bitcoin holdings to 423,650 BTC, valued at approximately $41.5 billion.
Nasdaq 100 Reshuffling Reflects Bitcoin’s Growing Influence
MicroStrategy’s entry into the Nasdaq 100 comes alongside two other additions, while Illumina, Super Micro Computer, and Moderna are being removed.
This reshuffling underscores the dynamic nature of the Nasdaq 100 and the increasing impact of Bitcoin-focused companies in mainstream markets.
MARA’s Vision: Bitcoin as a National Priority
MARA has framed Bitcoin adoption as a matter of national security, urging stronger U.S. policies to secure leadership in Bitcoin and Bitcoin mining.
The firm’s call for action reflects its broader mission to align Bitcoin mining with national interests while enhancing its market influence.
Conclusion: MARA’s Path to the Nasdaq 100
With its substantial Bitcoin investments, robust stock performance, and strategic vision, MARA Holdings is well-positioned to join the Nasdaq 100 in the near future, as predicted by Michael Saylor.
As Bitcoin continues to gain traction, the inclusion of more crypto-focused firms in major indices signals a transformative shift in the financial landscape.
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