MARA Holding, the Bitcoin mining company listed on Nasdaq, seems to be planning to enter the Nasdaq 100. CEO Fred Thiel, after congratulating MicroStrategy and its founder Michael Saylor, stated that they are working hard to achieve the same goal.
MARA Holding: la società di mining Bitcoin ha in previsione di entrare al Nasdaq 100
In an exchange of messages on X, it emerged that MARA Holding, a Bitcoin mining company listed on Nasdaq, plans to enter the Nasdaq 100.
The one who said it was the CEO of MARA Holding, Fred Thiel, after having praised MicroStrategy and its founder Michael Saylor for just having managed to reach the milestone.
Thanks Fred. I expect $MARA will be the next.
— Michael Saylor
(@saylor) December 14, 2024
“Congratulations to $MSTR and @saylor for being the first #bitcoin treasury company to enter the NASDAQ 100. Thank you Fred. I expect $MARA to be next.”
In practice, Thiel congratulated Saylor on the news that MicroStrategy will be added to the Nasdaq 100, as early as next Monday, December 23, 2024. Saylor then responded that he expects that MARA Holding will also follow this path.
And here, the revelation of Thiel:
Thanks. We are working hard to get there.
— Fred Thiel (@fgthiel) December 14, 2024
“Thank you. We are working hard to achieve this goal.”
MARA Holding: the forecast to enter the Nasdaq 100 like MicroStrategy
The Nasdaq 100 is a stock index that includes the largest 100 non-financial companies listed on the Nasdaq. It is a weighted index, where the weight of the different stocks is proportional to their market capitalization.
Recently, it emerged that MSTR, the stock of MicroStrategy, appeared on the Bloomberg Intelligence terminal among those expected to be added to the Nasdaq 100.
MicroStrategy has become known in the crypto world for being the company that implemented its strategy of accumulating Bitcoin (BTC) as a corporate reserve.
At the time of writing, the Bitcoin wallet of MicroStrategy holds 439,002 BTC, equivalent to 46.87 billion dollars at the time of writing.
MARA Holding seems to follow its own footsteps. In fact, the Bitcoin mining company is trying to achieve results similar to MicroStrategy.
A portfolio of 40,435 BTC
Last week, MARA Holding announced that it purchased 1.1 billion dollars in Bitcoin, holding a total of 40,435 BTC in its portfolio.
To succeed in its endeavor, MARA used the proceeds from its zero-coupon convertible note offering at the end of last month. The purchase made was of 11,774 BTC at an average purchase price of $96,000.
At the time of writing, BTC is worth $106,937, continuing its price rise. In fact, in these days, BTC is recording new ATHs. At the moment, the highest is $107,500.