Key Takeaways
- Michael Saylor predicts MARA Holdings could join the Nasdaq 100.
- MARA spent over $600M on Bitcoin in the last two months.
- MicroStrategy will join the Nasdaq 100 on Dec. 23.
MicroStrategy founder Michael Saylor has suggested that MARA Holdings could soon join his company in the Nasdaq 100.
After MARA CEO Fred Thiel congratulated MicroStrategy on its Nasdaq 100 inclusion, Saylor wrote:
I expect $MARA will be the next.
MARA pushes for inclusion
MARA Holdings, a major Bitcoin mining company, has ramped up efforts to strengthen its position.
According to a Dec. 2 SEC filing, MARA spent more than $600 million on Bitcoin over the past two months, reflecting its commitment to expanding its BTC treasury.
Thiel highlighted MARA’s ambition, stating:
[The company is] working hard to get there.
MARA ended the trading week on Dec. 13 with a market capitalization of $7.32 billion and a stock price of $22.73, up 16.74% over the last six months.
MicroStrategy leads the way
MicroStrategy, set to officially join the Nasdaq 100 on Dec. 23, closed the week with a $94.77 billion market cap and a stock price of $408.67, up 173.27% over six months.
It becomes the first Bitcoin treasury company in the index, marking a milestone for Bitcoin-focused firms.
MARA has also urged the U.S. government to adopt a more aggressive stance in Bitcoin mining to protect national and economic security amid global de-dollarization trends.
