According to Reuters, Bitcoin treasury company Strategy will remain in the Nasdaq 100 index for the next 12 months. Strategy began its transformation into a Bitcoin investment company in 2020 and was included in the technology sub-category of the Nasdaq 100 last December. Given the volatility of Bitcoin prices, the market has raised questions about the sustainability of crypto asset companies, particularly Bitcoin reserve companies. Global index provider MSCI will decide in January whether to exclude Strategy and similar companies from its benchmark indices. This Nasdaq adjustment will take effect on December 22.
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