MicroStrategy Joins MSCI: Crypto Goes Mainstream

MicroStrategy, the company famous for its massive Bitcoin holdings has been added to the MSCI World Stock Index. This move reflects the increasing acceptance of cryptocurrency in the traditional investment portfolios.  MicroStrategy’s strong Bitcoin advocacy is well-known. The company grabbed headlines during the pandemic by using a large portion of its cash reserves to buy […]

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MicroStrategy Joins MSCI: Crypto Goes Mainstream

  • MicroStrategy joins MSCI World Stock Index, highlighting crypto’s role 
  • MSTR stock outperforms Bitcoin rally, seen as a Bitcoin proxy 
  • Analyst sentiment positive on MSTR despite recent pullback 

MicroStrategy, the company famous for its massive Bitcoin holdings has been added to the MSCI World Stock Index. This move reflects the increasing acceptance of cryptocurrency in the traditional investment portfolios. 

MicroStrategy’s strong Bitcoin advocacy is well-known. The company grabbed headlines during the pandemic by using a large portion of its cash reserves to buy Bitcoin. They currently hold 214,400 BTC at an average purchase price of $35,180 per bitcoin.

This inclusion comes amidst a stellar year for MicroStrategy stock (MSTR). Its price has quadrupled compared to last year, even outperforming the impressive Bitcoin rally by a significant margin. Earlier this year, when Bitcoin reached its peak, MSTR stock also surged to new highs. However, a recent market correction caused a pullback, leading to a price decrease of over 30% for MSTR.

Many investors viewed MicroStrategy stock as an indirect way to hold Bitcoin especially before the launch of spot …

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