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    Michael Saylor hints at MARA Holdings possibly joining Nasdaq 100 after a massive $600 million Bitcoin investment, closely following MicroStrategy’s trajectory

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    Bitcoin advocate Michael Saylor suggests MARA Holdings may be the next Bitcoin company to join the Nasdaq 100, following MicroStrategy’s recent addition. MARA Holdings recently invested over $600 million in Bitcoin. MicroStrategy’s market capitalisation was $94.77 billion at the time of its Nasdaq 100 inclusion, while MARA’s valuation stood at $7.32 billion. MARA Holdings is advocating for greater US action on Bitcoin and Bitcoin mining, arguing for a leading position in Bitcoin holdings, akin to its stance with gold.

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    Michael Saylor, the founder of MicroStrategy and a major Bitcoin advocate, suggests that MARA Holdings might be the next Bitcoin company to secure a spot on the Nasdaq 100. This follows MicroStrategy’s recent addition to this major stock exchange index, announced on December 13.

    Saylor expressed his expectations in a social media post on December 14, in response to a congratulatory message from Fred Thiel, the CEO of MARA Holdings. Thiel acknowledged MicroStrategy’s achievement as the first company that primarily invests in Bitcoin to join the Nasdaq 100. He also mentioned that his crypto mining company is working hard to join this prestigious list.

    MARA has invested heavily in Bitcoin recently, spending more than $600 million over the past two months alone, according to a December 2 filing to US regulators.

    Being listed on the Nasdaq 100 is a big deal and means a company ranks among the 100 largest businesses listed on the Nasdaq stock exchange, based on their market capitalisation. Wrapping up trading on December 13, MicroStrategy’s market cap stood at a massive $94.77 billion. In comparison, MARA was valued at $7.32 billion.

    Similarly, their stock prices vary considerably. MARA’s price at the close of trading on December 13 was $22.73, marking a 16.74% increase over the past six months. However, MicroStrategy outperformed them, as its shares closed at $408.67, up 173.27% in the same period.

    For MicroStrategy to join the Nasdaq 100, it had to replace other companies. Alongside MicroStrategy, two other firms were introduced to the index, while Illumina, Super Micro Computer, and Moderna were removed.

    MARA Holdings has recently been lobbying for the US to take more action when it comes to Bitcoin and Bitcoin mining. The firm says it’s crucial in terms of national security. In light of global de-dollarization trends, where countries are moving away from depending on the US dollar, MARA argues that the US should lead in Bitcoin holdings, similar to its position with gold.

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