MicroStrategy Co-Founder Michael Saylor Says MARA Holdings Will Be The Next Bitcoin Firm To Join The Nasdaq 100
Release: 2024/12/16 18:04 Reading: 527
Bitcoin Mining Giant MARA Holdings Poised to Join Nasdaq 100, Predicts MicroStrategy CEO
MicroStrategy's founder and Bitcoin advocate, Michael Saylor, has expressed his belief that MARA Holdings, a prominent cryptocurrency mining company, will soon join the Nasdaq 100 index.
"I expect $MARA will be the next," Saylor stated in a recent social media post.
MARA's Aspiration to Join the Nasdaq 100
In response to Saylor's prediction, Fred Thiel, MARA Holdings' CEO, confirmed that the company is diligently working towards inclusion in the Nasdaq-100 Index. This ambition aligns with MARA's recent significant investment of over $600 million in Bitcoin within the past two months.
Strong Share Performance for MARA and MicroStrategy
Over the last six months, MARA's stock has witnessed a substantial increase of over 13%, closing the previous week at $22.73. During the same period, MicroStrategy's shares skyrocketed by more than 173%, ending last week at $408.67. These gains mirror the impressive 149% year-to-date growth experienced by Bitcoin.
MARA's Advocacy for US Dominance in Bitcoin Mining
Beyond its financial investments, MARA Holdings has also emphasized the necessity for the United States to take decisive action to secure a dominant position in the Bitcoin mining industry, emphasizing its implications for national security. The company has urged the government to prioritize Bitcoin mining, blockspace acquisition, and hashrate control, similar to its historical approach towards gold accumulation. This appeal comes amidst a global trend of de-dollarization, as nations aim to reduce their dependence on the US currency.
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