According to Michael Saylor, a prominent Bitcoin evangelist and founder of MicroStrategy, crypto mining startup MARA Holdings may soon enter the Nasdaq 100 index. This came after Fred Thiel, chairman and CEO of MARA, complimented Saylor on MicroStrategy’s recent membership in the index.
Saylor expressed hope in a post on X, claiming that MARA could be the next to join the index. Thiel answered by highlighting MARA’s determination to reach this milestone. Over the last two months, the cryptocurrency miner has actively strengthened its position by investing more than $600 million in Bitcoin. This buy brought MARA’s total Bitcoin holdings to 40,435 BTC, which is worth nearly $3.9 billion.
In terms of market performance, MARA’s stock recently finished at $22.73, up 16.74% over the previous six months. MicroStrategy, on the other hand, closed at the same time at $408.67, up a massive 173.27%.
Joining the Nasdaq 100 would confirm MARA’s position as one of the Nasdaq exchange’s top non-financial corporations by market capitalization. MicroStrategy, valued at $94.77 billion, will join the index alongside two other businesses, while Moderna will be eliminated.
MARA’s aspirations go beyond the stock market. The corporation has urged the United States to reinforce its stance on Bitcoin and mining, calling the matter crucial to national security. MARA believes that the United States should lead in Bitcoin reserves, as it does with gold, especially as global trends shift away from dollar dependency.
MARA has positioned itself as a viable challenger for the Nasdaq 100 by pursuing an aggressive Bitcoin acquisition strategy and improving stock performance. Saylor’s belief in the company highlights its potential to join the rising number of Bitcoin-focused businesses affecting the financial sector.
