MicroStrategy 在納斯達克 100 指數的首次亮相標誌著加密貨幣的里程碑

繼 Illumina、Super Micro Computer 和 Moderna 剔除之後，MicroStrategy 也被納入該指數，Palantir Technologies 和 Axon Enterprise 也加入了該指數。

MicroStrategy, the Nasdaq-listed business intelligence firm, will join the Nasdaq-100 Index on December 23, marking a significant milestone for crypto-related companies.

納斯達克上市的商業智慧公司 MicroStrategy 將於 12 月 23 日加入納斯達克 100 指數，這對加密貨幣相關公司來說是一個重要的里程碑。

The Nasdaq-100 tracks the top 100 non-financial firms listed on the Nasdaq exchange, including Apple, Microsoft, Tesla, and Nvidia. MicroStrategy’s addition to this elite group highlights the growing institutional recognition of crypto.

納斯達克 100 指數追蹤在納斯達克交易所上市的前 100 家非金融公司，包括蘋果、微軟、特斯拉和英偉達。 MicroStrategy 加入這個精英群體凸顯了機構對加密貨幣日益增長的認可。

This move follows the removal of Illumina, Super Micro Computer, and Moderna from the index, while Palantir Technologies and Axon Enterprise are also joining.

在此之前，Illumina、Super Micro Computer 和 Moderna 從指數中剔除，而 Palantir Technologies 和 Axon Enterprise 也加入了指數。

Exchange-traded funds (ETFs) that follow the Nasdaq-100, such as the Invesco QQQ, will now include MicroStrategy in their portfolios. This will amplify the company’s exposure to passive investments and deepen its link to Bitcoin’s performance.

遵循 Nasdaq-100 指數的交易所交易基金 (ETF)，例如 Invesco QQQ，現在將在其投資組合中納入 MicroStrategy。這將擴大該公司被動投資的曝險，並加深其與比特幣表現的連結。

Financial analysts view this development as crucial. Rajat Soni noted that MicroStrategy’s stock benefits from Bitcoin’s upward trajectory, creating a cycle where increased passive investment inflows could boost its capital-raising ability, enabling the company to buy more Bitcoin.

金融分析師認為這項發展至關重要。 Rajat Soni 指出，MicroStrategy 的股票受益於比特幣的上漲軌跡，創造了一個循環，被動投資流入的增加可以提高其融資能力，使該公司能夠購買更多的比特幣。

“As Bitcoin’s price rises, MicroStrategy’s stock price rises, and its ranking in the NASDAQ rises. [This] means the allocation to its stock rises and more money has to passively flow into MSTR. MicroStrategy can then issue more debt and buy more Bitcoin,” Soni stated.

「隨著比特幣價格上漲，MicroStrategy 的股價上漲，在納斯達克的排名也隨之上升。 [這]意味著其股票配置增加，更多資金必須被動流入MSTR。然後 MicroStrategy 可以發行更多債務併購買更多比特幣。

However, some caution remains. Bloomberg ETF analyst James Seyffart warned that MicroStrategy may face reclassification as a financial entity by March, which could lead to its removal from the index. This reclassification risk arises from the company’s heavy reliance on Bitcoin for its valuation instead of its core business operations.

然而，仍需謹慎。彭博 ETF 分析師 James Seyffart 警告稱，MicroStrategy 可能會在 3 月之前面臨被重新分類為金融實體的情況，這可能導致其從該指數中刪除。這種重新分類風險源自於該公司嚴重依賴比特幣進行估值，而不是其核心業務營運。

MicroStrategy’s transformation has revolved around Bitcoin as its main treasury asset. The company now holds over 423,650 BTC, valued at around $43.18 billion. Notably, 40% of this total was acquired in the last month, showcasing its aggressive approach to cryptocurrency accumulation.

MicroStrategy 的轉型圍繞著比特幣作為其主要財務資產。該公司目前持有超過 423,650 枚比特幣，價值約 431.8 億美元。值得注意的是，其中 40% 是在上個月收購的，展示了其積極累積加密貨幣的方法。

Meanwhile, Executive Chairman Michael Saylor credits the company’s success to its Bitcoin-centric strategy. Over the last four years, MicroStrategy’s stock has risen by 124%, outpacing major benchmarks like the S&P 500.

同時，執行主席 Michael Saylor 將公司的成功歸功於以比特幣為中心的策略。在過去四年中，MicroStrategy 的股價上漲了 124%，超過了標準普爾 500 指數等主要基準指數。

Saylor has highlighted that Bitcoin adoption has strengthened the company’s competitive position, cementing its role as a leader in the evolving financial ecosystem.

Saylor 強調，比特幣的採用增強了該公司的競爭地位，鞏固了其在不斷發展的金融生態系統中的領導者地位。