MARA Next In Line For NASDAQ Listing? Michael Saylor Hints
Most recently, Michael Saylor’s software company Microstrategy went public on the Nasdaq 100 Index. The inclusion has sparked a lot of speculation within the Bitcoin ecosystem, with companies like MARA Holdings congratulating it.
Analysts noted that MicroStrategy’s decision to buy Bitcoin to protect the value of its reserve assets has enhanced the appeal of its stock, which is also in line with Bitcoin’s performance. Bernstein analysts predict that the market may add MicroStrategy to the S&P 500 index in 2025, following its inclusion in the Nasdaq-100 index.
Additionally, the brokerage believes the company’s prospects will continue to improve next year and expects the company to gain more visibility and recognition due to its inclusion in the Nasdaq 100 index, in addition to new ETF inflows.
Is MARA next?
Interestingly, Michael Saylor shared his insights on Platform X, predicting that Bitcoin mining company MARA could become the next member of the Nasdaq 100 Index. Thaler’s announcement highlights the growing influence and recognition of cryptocurrency-related companies in traditional financial markets.
It is worth noting that Fred Thiel, Chairman and CEO of MARA Holdings, congratulated MSTR on its listing. He emphasized that MicroStrategy is the first Bitcoin financial company to join the Nasdaq 100 Index. In response, Saylor noted that he expects MARA Holdings to join the prestigious Nasdaq 100 list soon.
Does MARA have a better chance?
Both companies have bolstered their financial reserves with large purchases of Bitcoin. Despite having different business models, their strong focus on Bitcoin unites them. This month, MARA Holdings raised more than $700 million in a private placement note offering. Although MARA Holdings is still far from going public, CEO Thiel noted that the company is working toward similar milestones.
Changing investor perspective
While many companies are now adopting a Bitcoin-first strategy, Michael Saylor likely thinks MARA’s chances of achieving its goals are high, given MARA’s current stock performance.
MARA’s potential inclusion in the Nasdaq 100 Index would be an important milestone for the company and the broader cryptocurrency industry, reflecting its integration into mainstream financial indexes. As the cryptocurrency market continues to grow, the inclusion of companies like MARA in major indices could signal a shift in the way traditional investors view and engage with digital currencies and their infrastructure.
