TL;DR: Major BTC holder was recognised as a "tech-heavy"
13/08/2024, NEW YORK — MicroStrategy (MSTR) will be added to the tech-heavy Nasdaq-100 Index, the exchange operator said on Friday.
The change comes into effect before the market opens on Dec. 23, Nasdaq said.
Inclusion in the index typically boosts the stock's price, as exchange-traded funds looking to replicate the index's performance buy shares of the newly included firm.