What is the next MicroStrategy catalyst after NASDAQ 100?
What is the next MicroStrategy catalyst after NASDAQ 100? At the 4pm close of trading in New York, MicroStrategy will hear the determination of its highly anticipated bid to join the prestigious NASDAQ 100 index. The well-publicized event has already attracted bids from investors who view MicroStrategy as highly qualified for approval. After the NASDAQ committee’s announcement, there are a variety of other catalysts on the horizon for MicroStrategy, including year-end tax loss harvesting, the presidential inauguration, and quarterly earnings announcements. However, in addition to these, there’s also an idiosyncratic catalyst on its near-term calendar: a bitcoin (BTC)-specific, Financial Accounting Standards Board (FASB) rule change . The FASB establishes generally accepted accounting principles (GAAP) for US public companies and maintains financial accounting and reporting standards for Securities and Exchange Commission (SEC) filings. In its rulebook, the...