MicroStrategy retains place in key index despite delisting threats

Michael Saylor's Bitcoin (BTC) treasury company, Strategy (Nasdaq: MSTR), earlier known as MicroStrategy, has been palmy successful retaining its spot successful the Nasdaq 100 (NDQ).

A benchmark banal marketplace scale successful the U.S., the Nasdaq 100 tracks 100 of the largest non-financial companies by marketplace capitalization listed connected the exchange.

Related: MicroStrategy sends crisp informing missive to MSCI

Nasdaq has added six companies to the benchmark:

• Alnylam Pharmaceuticals, Inc. (Nasdaq: ALNY)

• Ferrovial SE (Nasdaq: FER)

• Insmed Inc. (Nasdaq: INSM)

• Monolithic Power Systems (Nasdaq: MPWR)

• Seagate Technology Holdings plc (Nasdaq: STX)

• Western Digital Corp. (Nasdaq: WDC)

Nasdaq has removed six companies from the index:

• Biogen (Nasdaq: BIIB)

• CDW Corporation (Nasdaq: CDW)

• Globalfoundries (Nasdaq: GFS)

• Lululemon Athletica (Nasdaq: LULU)

• On Semiconductor (Nasdaq: ON)

• The Trade Desk, Inc. (Nasdaq: TTD)

The changes volition instrumentality effect anterior to marketplace unfastened connected Dec. 22.

For Strategy, keeping the spot is simply a large accomplishment due to the fact that the Bitcoin-focused institution has precocious been beset by the hazard of delisting from fashionable banal indices.

Strategy began arsenic a bundle institution founded successful 1989 but turned to Bitcoin successful 2020 erstwhile laminitis Michael Saylor became fascinated with the integer asset amid the coronavirus pandemic.

With the latest integer plus buy, it continues to beryllium the world's largest firm Bitcoin treasury, with 671,268 coins worthy astir $60 cardinal connected its equilibrium sheet.

However, the company's Bitcoin acquisition exemplary has travel nether aggravated scrutiny amid the crypto marketplace crash, which saw BTC falling from the highest of $126,000 to $90,000 successful a substance of weeks.

• Former Trump state praises Michael Saylor's caller Bitcoin move

• Michael Saylor's MicroStrategy moves billions successful Bitcoin

• Analyst downgrades MicroStrategy amid higher dilution

Last month, Wall Street elephantine JPMorgan Chase warned that the institution risks getting delisted from large equity indices, including the MSCI USA Index.

The MSCI USA Index is different fashionable benchmark that tracks the show of large-cap and mid-cap U.S. companies and represents astir 85% of the U.S. banal market.

MSCI confirmed considering the exclusion of nationalist companies with much than 50% of the assets connected their equilibrium sheets dedicated to integer assets.

If the program falls through, Strategy could go the first casualty of the scale reshuffle. The Bitcoin proxy and the MSCI are engaged successful talks.