Bitcoin24h $105,540.82+3.25%

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BNB24h $699.67+3.00%

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Avalanche24h $37.05+6.43%

MicroStrategy must perform today for its NASDAQ 100 snapshot

Today is the snapshot date for MicroStrategy to qualify for the NASDAQ 100 (QQQ) index. Next, MSTR must pass an annual committee review.

What happens if MicroStrategy can’t sell enough bitcoin to repay lenders?

Some people believe MicroStrategy’s bitcoin can’t be liquidated… but there’s no free lunch on Wall Street.

Although bitcoin and MicroStrategy (MSTR) are both up on the day, Michael Saylor’s firm is still roughly 30% below last week’s all-time high.

MicroStrategy and Michael Saylor’s rise to prominence has drawn comparisons to Do Kwon’s bitcoin-buying ambitions from 2022.

Irresponsibly Long MSTR members think that Michael Saylor will discover “genius ways” to financialize MicroStrategy’s bitcoin holdings.