Zhitong
2024.05.15 06:43
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MicroStrategy has been included in the MSCI Global Standard Index

MicroStrategy will be included in the MSCI Global Standard Index, showing that the risks of cryptocurrencies are gradually infiltrating traditional investment portfolios. MicroStrategy is known for hoarding around $13 billion worth of Bitcoin, and its stock price has outperformed the rise of Bitcoin. The latest adjustment results announced by MSCI will take effect at the end of this month. Michael Saylor, the co-founder of MicroStrategy, is a prominent advocate for Bitcoin

According to the Wise Finance APP, on Tuesday, Morgan Stanley Capital International (MSCI) announced the quarterly index adjustment results. MicroStrategy (MSTR.US) will be included in the MSCI World Index. The company is known for holding about $13 billion in Bitcoin, and its stock price has even outperformed the rise in Bitcoin price.

In a statement on Tuesday, MSCI mentioned that MicroStrategy is one of the three largest companies by market value to be added to the MSCI World Index this time. Index providers regularly review their indices, and the latest adjustment will take effect at the end of this month.

With tens of billions of dollars tracking or benchmarking against the MSCI World Index, MicroStrategy's inclusion indicates that the risks of cryptocurrencies are increasingly penetrating traditional investment portfolios. Other similar approaches include US and Hong Kong exchange-traded funds (ETFs) that directly hold digital assets. Over time, these ETFs may also attract the interest of multi-asset funds and other products.

Michael Saylor, the co-founder of MicroStrategy, is a well-known advocate for Bitcoin. During the Covid-19 pandemic, he decided to invest some of the company's cash in the original cryptocurrency. As of April 26th, the company holds 214,400 Bitcoins.

As cryptocurrencies recover from the collapse in 2022, with Bitcoin surging nearly 130%, MicroStrategy's stock price has more than doubled in the past year. The company is seen as a representative of token risk exposure, but this role has been questioned since the debut of the US Bitcoin ETF in January.

In March this year, Kerrisdale Capital Management stated that they are shorting the stock because its stock price has outperformed the price increase of digital assets. According to data compiled by Bloomberg, four analysts have given the company a buy rating, with an average target price of $1678.75 for the next 12 months, nearly 30% higher than the current level of the stock Given that billions of dollars are tracking or benchmarked against the MSCI Global Standard Index, MicroStrategy's inclusion indicates that the risks of cryptocurrencies are increasingly penetrating traditional investment portfolios. Other similar approaches include ETFs traded on American and Hong Kong exchanges that directly hold digital assets. Over time, these ETFs may also attract the interest of multi-asset funds and other products.

Michael Saylor, co-founder of MicroStrategy, is a well-known advocate for Bitcoin. During the Covid-19 pandemic, he decided to invest a portion of the company's cash reserves in the original cryptocurrency. As of April 26th, the company holds 214,400 bitcoins.

As cryptocurrencies recover from the collapse in 2022, Bitcoin has surged nearly 130%, and MicroStrategy's stock price has more than doubled in the past year. The company is seen as a representative of token risk exposure, but this role has been questioned since the debut of the U.S. Bitcoin ETF in January.

In March of this year, Kerrisdale Capital Management stated that they are shorting the stock of MicroStrategy because the stock has outperformed the price increase of digital assets. According to data compiled by Bloomberg, four analysts have given the company a buy rating, with an average target price of $1678.75 over the next 12 months, nearly 30% higher than the current level of the stock