MicroStrategy 加入納斯達克 100 指數，這是比特幣接受的一個重要里程碑

該公司在經歷了多事的一年後被納入，其股價增加了六倍多。那斯達克 100 指數 2024 年將上漲 29.4%。

Software company MicroStrategy (NASDAQ: MSTR) will officially join the Nasdaq-100 index on Dec. 23, following an eventful year that saw its stock value increase more than sixfold.

軟體公司 MicroStrategy（納斯達克股票代碼：MSTR）將於 12 月 23 日正式加入納斯達克 100 指數，此前該公司經歷了多事的一年，其股價上漲了六倍多。

The Nasdaq-100 index is up 29.4% in 2024.

那斯達克 100 指數 2024 年將上漲 29.4%。

What does it mean?

這是什麼意思？

Joining the Nasdaq-100 ranks MicroStrategy, the software company turned Bitcoin (BTC) treasury, among some of the biggest corporations, including Apple Inc. (NASDAQ: AAPL) with a market cap exceeding $3 trillion, Microsoft Corporation (NASDAQ: MSFT) valued at over $2 trillion, NVIDIA Corporation (NASDAQ: NVDA) boasting a market cap surpassing $1 trillion, Amazon.com Inc. (NASDAQ: AMZN) with its market cap of around $1.5 trillion, and Alphabet Inc. (NASDAQ: GOOGL) which has a market cap nearing $1.8 trillion.

MicroStrategy 躋身納斯達克100 強行列，這家軟體公司轉型為比特幣(BTC) 的金庫，躋身一些最大的公司行列，其中包括市值超過3 兆美元的蘋果公司(NASDAQ: AAPL)、市值超過3 兆美元的微軟公司(NASDAQ: MSFT)市值超過2 兆美元的NVIDIA 公司（NASDAQ：NVDA）市值超過1 兆美元，亞馬遜公司（NASDAQ：AMZN）的市值約為1.5 兆美元，而Alphabet 公司（納斯達克股票代碼：GOOGL）的市值則超過1 兆美元。

Other newcomers to the index this year include Palantir Technologies (NYSE: PLTR) and Axon Enterprise (NASDAQ: AAXN).

今年該指數的其他新上榜企業包括 Palantir Technologies （NYSE：PLTR）和 Axon Enterprise （納斯達克股票代碼：AAXN）。

This inclusion typically leads to increased stock purchases as exchange-traded funds, or ETFs, tracking the index adjust their holdings to reflect the changes.

這種納入通常會導致股票購買量增加，因為追蹤指數的交易所交易基金（ETF）會調整其持股以反映變化。

To be included in the Nasdaq-100, a company must meet specific criteria and maintain a position of prominence in the stock market. For MicroStrategy, it’s among the 100 largest non-financial companies listed on the Nasdaq stock exchange based on market capitalization.

要納入納斯達克 100 指數，公司必須滿足特定標準並保持在股票市場的突出地位。對於 MicroStrategy 來說，以市值計算，它是納斯達克證券交易所上市的 100 家最大非金融公司之一。

Inclusion also signifies that the company is among the most valuable and must maintain its stock performance to stay included. Poor performance or a drop in market cap can lead to exclusion, as was the case this year with Illumina (NASDAQ: ILMN), Super Micro Computer (NASDAQ: SMCI), and Moderna (NASDAQ: MRNA).

包容性也意味著該公司是最有價值的公司之一，必須保持其股票表現才能保持包容性。業績不佳或市值下降可能會導致被排除在外，就像今年Illumina（納斯達克股票代碼：ILMN）、超微計算機（納斯達克股票代碼：SMCI）和Moderna（納斯達克股票代碼：MRNA）的情況一樣。

MicroStrategy’s transformation

MicroStrategy 的轉型

The firm began acquiring Bitcoin in 2020 as a treasury reserve asset amidst declining software business revenue. The strategy has proven remarkably successful, with the company’s market capitalization now approaching $97.94 billion.

在軟體業務收入下降的情況下，該公司於 2020 年開始收購比特幣作為庫存儲備資產。事實證明，該策略非常成功，公司市值現已接近 979.4 億美元。

The firm recently expanded its Bitcoin holdings further, with Executive Chairman Michael Saylor announcing the acquisition of 21,550 Bitcoin for approximately $2.1 billion between December 2 and December 8, bringing their total holdings to 423,650 BTC.

該公司最近進一步擴大了比特幣持有量，執行主席 Michael Saylor 宣佈在 12 月 2 日至 8 日期間以約 21 億美元收購了 21,550 枚比特幣，使總持有量達到 423,650 枚比特幣。

Bernstein analysts view the Nasdaq-100 inclusion as a stepping stone toward potential S&P 500 inclusion in 2025, suggesting further upside for the company’s stock.

Bernstein 分析師認為，納入納斯達克 100 指數是 2025 年潛在納入標準普爾 500 指數的墊腳石，這表明該公司的股票還有進一步上漲的空間。

The analysts anticipate improved visibility and recognition beyond fresh ETF inflows as a result of the index inclusion.

分析師預計，由於納入該指數，除了新的 ETF 流入之外，可見度和認可度也會提高。

MicroStrategy’s stock performance has closely tracked Bitcoin’s price movements, benefiting from the cryptocurrency’s recent surge past $100,000.

MicroStrategy 的股票表現密切追蹤比特幣的價格走勢，受益於該加密貨幣最近飆升至 10 萬美元以上。

This rally has been partially attributed to optimism surrounding President-elect Donald Trump’s victory and expectations of more favorable regulatory conditions for the crypto sector.

這次上漲的部分原因是對當選總統唐納德·川普獲勝的樂觀情緒以及對加密貨幣行業更有利的監管條件的預期。

The company’s success has redefined corporate treasury management strategies, showcasing the potential benefits of Bitcoin as a reserve asset. MicroStrategy’s approach has lured attention from institutional investors and corporate treasurers.

該公司的成功重新定義了企業財務管理策略，並展示了比特幣作為儲備資產的潛在好處。 MicroStrategy 的方法吸引了機構投資者和企業財務主管的注意。

This development represents a major milestone in the mainstream acceptance of Bitcoin-focused business strategies, as MicroStrategy becomes one of the few companies with substantial cryptocurrency exposure to join a major stock index.

這一發展標誌著主流接受以比特幣為中心的商業策略的一個重要里程碑，因為 MicroStrategy 成為少數擁有大量加密貨幣並加入主要股指的公司之一。

The inclusion in the Nasdaq-100 validates the company’s Bitcoin-centric approach and could encourage other corporations to consider similar strategies for treasury management.

被納入納斯達克 100 指數驗證了該公司以比特幣為中心的方法，並可能鼓勵其他公司考慮類似的財務管理策略。