The strategy with a large holding of Bitcoin (BTC) has maintained its position in the Nasdaq 100 index's periodic adjustments, reaffirming its corporate value and market position. Through this change, the strategy has successfully passed the re-adjustment test for the first time since being included in the index, which means that the strategy centered around Bitcoin as a core asset continues to gain market acceptance.
Previously known as MicroStrategy, the strategy is the largest holder of Bitcoin among companies. Recently, the company spent approximately $962.7 million (about 1.4229 trillion Korean won) to acquire an additional 10,624 BTC, bringing its total holdings to 660,624 BTC (about 8.8599 trillion Korean won). This Bitcoin purchase occurred during a price adjustment period and seems to reflect its strategy of buying on dips.
In this adjustment of the Nasdaq 100 index, Baijian, CDW, GlobalFoundries, Lululemon, ON Semiconductor, and Trade Desk were removed; while Argenx, Ferrovia, Insmed, Single Chip Power System, Seagate Technology, and Western Digital were newly included. This change in composition aligns with the trend of further diversification in technology indices.
Although the strategy maintained its position in the index, its stock price has seen a reversal decline. As of local time Friday, its stock price fell 3.74% in a single day, with a decline of more than 15% in nearly a month. This can be interpreted as being linked to the adjustment of Bitcoin's market conditions, with the market sensitively reflecting the correlation between the assets held by the strategy and its stock price.
The existence of the strategy is not just a simple index retention but also a mirror to measure whether the Bitcoin concentration strategy can be accepted by mainstream enterprises in the traditional financial market. In the trend of institutional expansion in Bitcoin investment, the case of the strategy is broadening the door for enterprises to actively adopt digital assets.
Article Summary by TokenPost.ai
🔎 Market Interpretation
In this periodic adjustment of the Nasdaq 100, the strategy's inclusion in the index is interpreted as a signal that the Bitcoin holding strategy remains effective even in a technology-centered market. However, the decline in stock prices reflects the market's short-term concerns about the centralized operation of cryptocurrencies.
💡 Strategic Key Points
The strategy of making Bitcoin the core of financial strategy has led to the purchase of over 660,000 coins to date, continuing to buy aggressively during price declines. This is based on a long-term bullish holding strategy aimed at seeking a significant increase in enterprise value during Bitcoin's upward phase.
📘 Terminology Explanation
Nasdaq 100: A stock price index composed of 100 non-financial companies with high market capitalization and liquidity in the Nasdaq market, centered around technology stocks.
Inclusion Test: Refers to when the index is readjusted, and the original constituent stocks are retained without being removed. It is interpreted as an indicator of the enterprise's continued stability and influence.
TP AI Notes
The article was summarized using the language model based on TokenPost.ai. The main content of the text may be omitted or inconsistent with the facts.
