In a recent X post, MicroStrategy founder and Bitcoin bull Michael Saylor tipped crypto miner MARA Holdings to be the next company to join the prestigious Nasdaq 100 index. This prediction comes after MicroStrategy was officially announced as one of three new additions to the index on December 13.
Saylor’s Prediction
Responding to a congratulatory message from MARA Holdings chairman and CEO Fred Thiel, Saylor said: "Thanks Fred. I expect $MARA will be the next." This statement suggests that Saylor is confident in MARA Holdings’ ability to join the Nasdaq 100 index, following in MicroStrategy’s footsteps.
MARA Holdings’ Ambitions
Thiel, who congratulated Saylor on MicroStrategy’s inclusion in the Nasdaq 100 index, stated that MARA is "working hard" to achieve this goal. With a market capitalization of $7.32 billion, MARA Holdings has already made significant strides in the cryptocurrency space.
MARA Holdings’ Bitcoin Reserves
In a recent filing with the United States Securities and Exchange Commission (SEC), it was revealed that MARA Holdings had spent over $600 million on Bitcoin in the last two months. This substantial investment in Bitcoin is likely to contribute to the company’s growing market capitalization.
Nasdaq 100 Index Criteria
To be included in the Nasdaq 100 index, a company must meet certain criteria, including having a market capitalization of at least $2 billion. With MicroStrategy’s market capitalization standing at $94.77 billion, it is no surprise that the company was selected for inclusion.
Other Companies Joining and Leaving the Nasdaq 100 Index
In addition to MicroStrategy, two other companies – Illumina, Super Micro Computer, and Moderna – will be removed from the Nasdaq 100 index in order to make way for new additions. This rotation is a regular occurrence, with companies being added or removed based on their market capitalization.
MARA Holdings’ Stock Price Performance
Over the past six months, MARA Holdings has seen its stock price increase by 16.74%, trading at $22.73 on December 13. In comparison, MicroStrategy’s stock price has risen by 173.27% over the same period, closing at $408.67.
National Security Concerns
In a recent X post, MARA Holdings urged the United States government to take more aggressive action in securing dominant positions in Bitcoin and Bitcoin mining. The company argued that this is a matter of national security, citing the growing trend of de-dollarization.
The Importance of Securing Dominant Positions in Bitcoin
MARA Holdings’ concerns about the importance of securing dominant positions in Bitcoin are not unfounded. As countries continue to shed their reliance on the US dollar, there is a growing need for alternative store-of-value assets like Bitcoin.
Conclusion
In conclusion, Michael Saylor’s prediction that MARA Holdings will join the Nasdaq 100 index is an exciting development for the cryptocurrency space. With its significant investment in Bitcoin and growing market capitalization, MARA Holdings is well-positioned to make a strong case for inclusion.
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