Michael Saylor Predicts MARA Holdings to Be Next Bitcoin Firm
- Michael Saylor predicts MARA Holdings will be the next Bitcoin firm to join the Nasdaq 100.
- Fred Thiel congratulated Saylor’s MicroStrategy for becoming the first Bitcoin treasury company in the Nasdaq 100.
- MARA’s recent Bitcoin acquisitions and stock performance underscore its ambition to join.
MicroStrategy’s founder, Michael Saylor, has boldly predicted that MARA Holdings, a prominent Bitcoin mining company, could be the next firm to join the prestigious Nasdaq 100 index.
Michael Saylor believes this could pave the way for MARA to follow suit.
Michael Saylor MicroStrategy’s Recent Nasdaq 100 Inclusion
MicroStrategy’s inclusion in the Nasdaq 100 index was confirmed on December 13, 2024. As one of the top 100 companies on the Nasdaq stock exchange.
MicroStrategy achieved a significant position due to its market capitalization, which had grown to $94.77 billion as of that date.
This inclusion is a notable achievement, particularly for a firm widely known for its Bitcoin-first strategy. The company’s massive Bitcoin holdings have become central to its corporate identity, and Saylor has long been a vocal advocate for Bitcoin’s role as a treasury asset.
In response to the announcement, Fred Thiel, Chairman and CEO of MARA Holdings, congratulated Saylor and MicroStrategy for being the first Bitcoin treasury company to secure a spot in the Nasdaq 100. Saylor’s response to Thiel, posted on X, expressed confidence that MARA would be next.
“Thanks, Fred. I expect $MARA will be the next,” Saylor remarked, underscoring his belief that MARA’s growing position in the Bitcoin space makes it a strong contender for Nasdaq 100 inclusion shortly.
MARA Holdings’ Ambitions and Financial Moves
MARA Holdings has a market cap of $7.32 billion and has been aggressively expanding its Bitcoin reserves. Over the past two months, the company has invested over $600 million in Bitcoin, according to a December 2 filing with the U.S. Securities and Exchange Commission (SEC).
MARA’s most recent Bitcoin acquisition saw the firm purchasing 11,774 BTC for approximately $1.1 billion. Which is increasing its total holdings to 40,435 BTC, valued at around $3.9 billion.
MARA’s stock has also shown positive growth, with shares increasing by 16.74% over the past six months. On December 13, the stock closed at $22.73, showing the company’s increasing market presence and investor confidence. While still far from MicroStrategy’s market cap of $94.77 billion. MARA is on a clear growth trajectory, fueled by its continued investment in Bitcoin and mining operations.
Including the Nasdaq 100 is a significant achievement for any company, as it indicates a strong position in the market, ranking among the top 100 companies listed on the Nasdaq exchange.
MicroStrategy’s inclusion in the Nasdaq 100, alongside firms like Illumina and Moderna, signals the growing recognition of Bitcoin-focused companies in the traditional financial markets.
MARA’s path to the Nasdaq 100 has challenges, but its aggressive Bitcoin strategy and strong stock performance make its inclusion a real possibility. CEO Fred Thiel has emphasized that the company is “working hard” to reach this goal. Saylor’s prediction that MARA will next strongly indicates the company’s trajectory.
As the cryptocurrency market matures and grows, including firms like MARA in mainstream financial indices will be a significant milestone for the industry. I
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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