MicroStrategy expected to crack Nasdaq 100 — Bloomberg Intelligence

AI Sentiment: Bullish
Reason: The article is bullish about MicroStrategy as it has recently joined the Nasdaq 100 following its significant investment in Bitcoin, indicating positive sentiment towards the company's performance and influence in the financial market.

MicroStrategy, a Virginia-based business intelligence company, has made its debut in the Nasdaq 100, a stock market index operated by Nasdaq, Inc. Comprising 100 of the largest domestic and international non-financial companies listed on the Nasdaq Stock Market, the Nasdaq 100 reflects companies across major industry groups, including computer hardware and software, telecommunications, retail/wholesale trade, and biotechnology. The inclusion of MicroStrategy in this prominent index marks a significant achievement for the company, which has recently gained attention for its substantial investment in Bitcoin.

In August 2020, MicroStrategy made headlines when it purchased 21,454 Bitcoin, worth around $250 million at the time. Since then, the company has continued to invest in the digital currency, amassing a total of around 108,992 Bitcoin as of March 2022. This substantial investment has made MicroStrategy one of the largest corporate holders of Bitcoin worldwide.

The decision of MicroStrategy to invest heavily in Bitcoin was made under the leadership of CEO Michael Saylor, who has been a vocal advocate for Bitcoin. Saylor has expressed his belief in Bitcoin as a superior asset class, arguing that the digital currency is less risky and more profitable than traditional investments. He has also argued that Bitcoin's potential for appreciation far outweighs the risk of devaluation, making it an attractive investment for corporations.

The inclusion of MicroStrategy in the Nasdaq 100 reflects the growing influence of digital currencies in the financial market. This development may encourage other companies to consider investing in digital currencies, potentially leading to wider acceptance and integration of Bitcoin and other cryptocurrencies in the global financial system.