MicroStrategy 加入纳斯达克 100 指数，这是比特币接受的一个重要里程碑

该公司在经历了多事的一年后被纳入，其股价增长了六倍多。纳斯达克 100 指数 2024 年将上涨 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.

软件公司 MicroStrategy（纳斯达克股票代码：MSTR）将于 12 月 23 日正式加入纳斯达克 100 指数，此前该公司经历了多事的一年，其股价上涨了六倍多。

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

纳斯达克 100 指数 2024 年将上涨 29.4%。

What does it mean?

这是什么意思？

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 跻身纳斯达克 100 强行列，这家软件公司转型为比特币 (BTC) 的金库，跻身一些最大的公司行列，其中包括市值超过 3 万亿美元的苹果公司 (NASDAQ: AAPL)、市值超过 3 万亿美元的微软公司 (NASDAQ: MSFT) NVIDIA 公司（纳斯达克股票代码：NVDA）市值超过 1 万亿美元，亚马逊公司（纳斯达克股票代码：AMZN）市值超过 2 万亿美元。市值约为 1.5 万亿美元，Alphabet Inc.（纳斯达克股票代码：GOOGL）的市值接近 1.8 万亿美元。

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

今年该指数的其他新上榜者包括 Palantir Technologies （纽约证券交易所股票代码：PLTR）和 Axon Enterprise （纳斯达克股票代码：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.

这种纳入通常会导致股票购买量增加，因为追踪指数的交易所交易基金（ETF）会调整其持仓以反映变化。

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.

要纳入纳斯达克 100 指数，公司必须满足特定标准并保持在股票市场的突出地位。对于 MicroStrategy 来说，按市值计算，它是纳斯达克证券交易所上市的 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).

包容性还意味着该公司是最有价值的公司之一，必须保持其股票表现才能保持包容性。业绩不佳或市值下降可能会导致被排除在外，就像今年 Illumina（纳斯达克股票代码：ILMN）、超微计算机（纳斯达克股票代码：SMCI）和 Moderna（纳斯达克股票代码：MRNA）的情况一样。

MicroStrategy’s transformation

MicroStrategy 的转型

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.

在软件业务收入下降的情况下，该公司于 2020 年开始收购比特币作为库存储备资产。事实证明，该战略非常成功，公司市值现已接近 979.4 亿美元。

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.

该公司最近进一步扩大了比特币持有量，执行主席 Michael Saylor 宣布在 12 月 2 日至 8 日期间以约 21 亿美元收购了 21,550 枚比特币，使总持有量达到 423,650 枚比特币。

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 分析师认为，纳入纳斯达克 100 指数是 2025 年潜在纳入标准普尔 500 指数的垫脚石，这表明该公司的股票还有进一步上涨的空间。

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

分析师预计，由于纳入该指数，除了新的 ETF 流入之外，可见性和认可度也会得到提高。

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

MicroStrategy 的股票表现密切跟踪比特币的价格走势，受益于该加密货币最近飙升至 100,000 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.

此次上涨的部分原因是对当选总统唐纳德·特朗普获胜的乐观情绪以及对加密货币行业更有利的监管条件的预期。

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.

该公司的成功重新定义了企业财务管理策略，展示了比特币作为储备资产的潜在好处。 MicroStrategy 的方法吸引了机构投资者和企业财务主管的关注。

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.

这一发展标志着主流接受以比特币为中心的商业战略的一个重要里程碑，因为 MicroStrategy 成为少数拥有大量加密货币并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.

被纳入纳斯达克 100 指数验证了该公司以比特币为中心的方法，并可能鼓励其他公司考虑类似的财务管理策略。