The Nasdaq 100 index annual adjustment removed 6 companies and added 3, while Strategy was retained.
PANews reported on December 14th that, according to Coindesk, the Nasdaq 100 index removed 6 companies and added 3 companies in its annual adjustment, which will take effect on December 22nd. Bitcoin treasury company Strategy will remain in the Nasdaq 100 index.
Originally a business software provider, MicroStrategy transformed itself in 2020, making Bitcoin accumulation a core strategy. Since then, the company has accumulated 660,624 Bitcoins, worth $59.55 billion, and was included in an index last December. Its business model, involving Bitcoin accumulation, drew criticism from analysts and index providers, and MSCI considered removing the cryptocurrency treasury company from its benchmark indices.
In a previous report , Michael Saylor responded to Strategy's decision to retain the Nasdaq 100 index, stating that he would continue to accumulate BTC until the complaints ceased.
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