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Reuters: Strategy Stock to Remain in NASDAQ 100 Index
Summary: According to Reuters, the publicly traded Bitcoin treasury company Strategy will continue to hold its position in the NASDAQ 100 Index, maintaining its status as a component stock in the benchmark index for another year. This decision comes amid analyst scrutiny of its business model. Some market observers believe that Strategy's pioneering business model of ...
According to Reuters, the publicly traded Bitcoin treasury company Strategy will continue to hold its position in the NASDAQ 100 Index, maintaining its status as a component stock in the benchmark index for another year. This decision comes amid analyst scrutiny of its business model.
Some market observers believe that Strategy's pioneering business model of buying and holding Bitcoin long-term - which has inspired dozens of imitators - is more akin to an investment fund rather than a traditional operating company. Meanwhile, concerns about the sustainability of treasury-type companies in the crypto asset market continue to escalate. The stock prices of such companies have been proven to be highly sensitive to Bitcoin price fluctuations.
Global index compiler MSCI (MSCI.N) has also expressed concerns about including digital asset treasury companies in its index system. MSCI is expected to decide in January next year whether to remove Strategy and similar companies from its index.
