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Nasdaq announced that Bitcoin bull Michael Saylor's company, MicroStrategy (MSTR), will be added to the Nasdaq-100 Index ooon Dec. 23.
MicroStrategy is one of three companies to be added to the index alongside Palantir Technologies Inc. (PLTR), and Axon Enterprise, Inc. (AXON).

Meanwhile, Ilumina, Inc. (ILMN), Super Micro Computer, Inc. (SMCI), and Moderna, Inc. (MRNA) wlill be removed from the index.
The listing means that MicroStrategy, a software company that became a de facto Bitcoin hedge fund in 2020, is among the Nasdaq's 100 largest stocks by market capitalization.

The inclusion in the Nasdaq 100 will add MSTR to the portfolio of Invesco Q0Q Trust (QQQ), an exchange-traded fund (ETF) with approximately $322 billion in assets under management (AUM).
Crypto analyst Will Clemente wrote

"Now that MSTR is getting added to the Nasdaq, every large pension fund, sovereign wealth fund, and individual retirement account in the world is going to have Bitcoin exposure.