MARA Holdings Will Probably Become a Member of the Nasdaq 100 Index, Says Michael Saylor

According to the founder of MicroStrategy, Michael Saylor, a fierce advocate of Bitcoin, crypto miner MARA Holdings will probably become a member of the Nasdaq 100 Index.

MicroStrategy (Nasdaq: MSTR) founder Michael Saylor, a known Bitcoin advocate, has hinted at crypto miner MARA Holdings likely joining the Nasdaq 100 Index.

Saylor's comment came in response to a celebratory X post from Fred Thiel, CEO of MARA and a former Twitter user, on December 14. The post congratulated MicroStrategy on joining the Nasdaq 100, suggesting that MARA might be the next Bitcoin-oriented firm in line.

The Nasdaq 100 is an index of the 100 largest non-financial companies listed on the Nasdaq, ranked by market capitalization.

The news comes as MicroStrategy's addition to the index will be effective December 23, according to a December 13 statement. The market capitalization, which had garnered attention, now positions MicroStrategy as one of the leading businesses, with a market cap of $94.77 billion.

Meanwhile, MARA Holdings, which mines Bitcoin, has also seen a significant rise, with a market cap of $7.32 billion on December 13.

MARA to Nasdaq 100: A Result of Proactive Bitcoin Investment

MARA's potential addition to the Nasdaq 100 is a result of the organization's proactive investment approach towards Bitcoin. According to the company's filing with the U.S. Securities and Exchange Commission on December 2, it has committed over $600 million to Bitcoin purchases over the last two months.

Thiel, the head of MARA Holdings, has expressed his aspiration for the company to become part of the Nasdaq 100, acknowledging the competitive endeavor necessary for this achievement.

Although MARA possesses a lower market capitalization relative to MicroStrategy, its dedication to investing in Bitcoin has established it as a formidable entity within the industry.

MARA's stock also went up to over 16.74 percent over the last six months and is trading at $22.73 on Dec.13. At the time of writing, it is trading at $22.73. Meanwhile, MicroStrategy stock went up by 173.27 percent during the said period and closed at $408.67.

In conclusion, both MicroStrategy and MARA are part of an emerging trend in the mainstream financial market that relates to an increasing focus on Bitcoin-driven businesses. A prediction regarding the inclusion of MARA in the Nasdaq 100 by Saylor adds optimism toward cryptocurrency-based businesses.

As cryptocurrency continues to infiltrate traditional financial markets, the inclusion of MARA into major indices like Nasdaq-100 would suggest that investors are starting to have a change of heart and embracing digital currencies, alongside their underlying infrastructure. MicroStrategy has already set a precedent, leaving the way open for Nasdaq to include MARA.