Yigit Taha OZTURK 
MicroStrategy founder and Bitcoin advocate Michael Saylor has suggested that Bitcoin mining company MARA Holdings could be the next crypto-related firm to join the Nasdaq 100. Responding to MARA Holdings CEO Fred Thiel’s congratulatory message about MicroStrategy’s inclusion in the Nasdaq 100, Saylor said in a Dec. 14 X post:
“Thanks, Fred. I expect $MARA will be the next.”
MicroStrategy is scheduled to be included in the Nasdaq 100 before the start of trading on Dec. 23.
MARA Aiming for Nasdaq 100
Fred Thiel congratulated Saylor, saying, “Congratulations to $MSTR and @saylor for being the first Bitcoin treasury company to join the Nasdaq 100.” Thiel also stated that MARA is “working hard to get there.” The crypto miner has reportedly spent over $600 million on Bitcoin in the last two months, as per a Dec. 2 filing with the U.S. Securities and Exchange Commission (SEC).
Joining the Nasdaq 100 indicates that a company is among the top 100 in market capitalization on the Nasdaq stock exchange. As of Dec. 13, MicroStrategy’s market cap stood at $94.77 billion, while MARA’s market cap was $7.32 billion.
Stock Prices and Other Developments
MARA’s stock price closed at $22.73 on Dec. 13, marking a 16.74% increase over the last six months. MicroStrategy, on the other hand, closed at $408.67, reflecting a 173.27% rise over the same period.
With new companies joining the Nasdaq 100, others are removed. MicroStrategy is one of three new additions to the index, replacing Illumina, Super Micro Computer, and Moderna.
MARA’s Call to Action for the U.S.
On Nov. 27, MARA urged the U.S. government to take more assertive steps to strengthen its position in Bitcoin and Bitcoin mining. MARA framed the matter as one of national security, emphasizing the need for the U.S. to take the lead in accumulating Bitcoin, similar to its strategy with gold, especially amid growing trends of de-dollarization.
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