Strategy Inc. Nasdaq-100 Inclusion: Impact on Flows and Benchmarking

Strategy Inc. (MSTR) joined the Nasdaq-100 index on December 23, 2024, following a significant year-to-date rally driven by its Bitcoin treasury strategy. This inclusion triggers substantial passive buying from tracking ETFs, solidifying a structural shareholder base for MSTR. While immediate price impact is expected to be positive, the long-term implications involve increased liquidity, a broadened investor base, and the embedding of Bitcoin-linked volatility into the broader Nasdaq-100 and its associated products.