MicroStrategy is joining the Nasdaq index.

MicroStrategy, led by Michael Saylor, is bringing Bitcoin (BTC) investments to the corporate world by being included in the Nasdaq-100 index on December 23. This development will provide indirect access to Bitcoin for pension funds and institutional investors through its inclusion in the portfolio of Invesco QQQ Trust (QQQ), which manages approximately $322 billion in assets.

Wall Street is Getting Closer to Bitcoin

The inclusion of MicroStrategy in the Nasdaq-100 index will take effect alongside Palantir Technologies Inc. (PLTR) and Axon Enterprise, Inc. (AXON). As part of this change, Illumina, Inc. (ILMN), Super Micro Computer, Inc. (SMCI), and Moderna, Inc. (MRNA) will be removed from the index.

Having transformed into a de facto Bitcoin investment fund in 2020, MicroStrategy will secure its place among the top 100 companies by market capitalization on Nasdaq with this move.

Experts in the crypto sector are closely monitoring the development. Crypto analyst Will Clemente states that this situation will provide Bitcoin exposure to every major pension fund and sovereign wealth fund.

This development occurred following Michael Saylor's recent Bitcoin presentation to the Microsoft board of directors. Saylor suggested that if Microsoft invests in Bitcoin, it could add approximately $5 trillion to the company's market value.