Bloomberg analyst: If ICB classifies MSTR as a financial stock, it will not be eligible for inclusion in the Nasdaq 100

12/11 16:02

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James Seyffart, an analyst at Bloomberg, stated in a post on X platform that whether Microstrategy (MSTR) can be classified as Nasdaq 100 may depend on its ICB classification. If the company's operational business is software as a service, it will be classified as a technology stock. However, its stock price performance is now largely linked to financial engineering due to its purchase of Bitcoin. Chairman Michael Saylor has stated that he hopes to transform MicroStrategy into a "Bitcoin bank". If ICB reclassifies MicroStrategy as a financial stock, it will not qualify for Nasdaq 100.

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