The massive rise in Bitcoin drives MicroStrategy to the threshold of the Nasdaq index.

Official trading data from MicroStrategy – which markets itself as a Bitcoin network developer – revealed on Wednesday that the significant rise in the company's stock due to its increased Bitcoin holdings, alongside the surge in its market capitalization resulting from Bitcoin's remarkable ascent, has propelled the company into inclusion among the heavily tech-weighted Nasdaq 100 index.

This comes after MicroStrategy's stocks have soared by about 500% this year alone due to Bitcoin profits, raising its market value to $90 billion and making the company poised to join the Nasdaq 100 index. According to Reuters, an announcement about the potential adjustment and the stock's transition to the Nasdaq index is expected this Friday.

The potential listing of MicroStrategy's shares on the Nasdaq could further boost the company's stock, as more investment firms may include it in their portfolios. However, for MicroStrategy to qualify for the Nasdaq index, the company must rank among the top 100 companies by market capitalization on the index, meet the specified trading volume requirements, and not operate in the financial sector.

In trading activities, MicroStrategy's stock rose by 7.45% during Wednesday's session, closing at $404.39 in the U.S. stock market today.

It is worth noting that MicroStrategy – which adopted Bitcoin as a primary asset in 2020 – holds around 400,000 Bitcoin, making it the largest corporate holder of the cryptocurrency, with its Bitcoin holdings estimated at approximately $42 billion. However, the company has faced financial losses, including a net loss of $340 million in the third quarter of the year.