2024

World

Equity

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<p dir="ltr">The MicroStrategy (MSTR) stock has been&nbsp;<a href="https://www.bloomberg.com/news/articles/2024-05-15/bitcoin-proxy-btc-microstrategy-mstr-added-to-msci-world-stock-index?utm_source=twitter&amp;utm_campaign=socialflow-organic&amp;utm_medium=social&amp;utm_content=crypto" rel="noopener noreferrer nofollow">added</a> to the MSCI World Index, which captures large and mid-cap companies across 23 developed markets.</p>
<p dir="ltr">The company's stock is up more than 105.44% since the start of the year, greatly outperforming Bitcoin.&nbsp;</p>
<p dir="ltr">US companies account for more than 70% of the MSCI World Index. Japan and the UK come in second and third places, respectively (6.06% and 4%).&nbsp; When it comes to specific sectors, information technology is in the lead with a 23.22% slice of the pie. Financial, healthcare, and industrials are also in the lead.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
<p dir="ltr">MicroStrategy's market cap currently stands at $23.02 billion after its shares added 4% on Tuesday to reach nearly $1,300 per share. Still, the stock is down substantially from its 2024 peak of $1,919.</p>
<p dir="ltr">The business intelligence company, which went public in 1998, reached its current all-time high of $3,130 back in March 2000 during the peak of the dot-com bubble. The stock ended up collapsing to just $5 within a year. After two decades under the radar, Saylor managed to revive his company by making a bold Bitcoin bet that has ultimately paid off.&nbsp;</p>
<h2 id="bitcoin-instead-of-microstrategy">Bitcoin instead of MicroStrategy?</h2>
<p dir="ltr">While MicroStrategy has shown incredible performance this year, not everyone is excited.&nbsp;</p>
<p dir="ltr">As <a href="https://u.today/jim-cramer-issues-warning-about-microstrategy" rel="noopener noreferrer nofollow">reported by U.Today</a>, famous CNBC host Jim Cramer recently urged his viewers not to buy the company's stock. Those who want Bitcoin exposure should opt for the underlying asset instead, according to Cramer.&nbsp;&nbsp;</p>
<h2 id="growing-institutional-adoption">Growing institutional adoption&nbsp;</h2>
<p dir="ltr">In the meantime, Bitcoin bull Michael Saylor recently&nbsp;<a href="https://u.today/michael-saylor-predicts-pension-funds-will-need-some-bitcoin" rel="noopener noreferrer nofollow">predicted</a> that all pension funds will "need some Bitcoin."&nbsp;</p>
<p dir="ltr">This came after the State of Wisconsin Investment Board (SWIB) revealed that it had scooped up nearly $100 million worth of shares of BlackRock's IBIT.&nbsp;&nbsp;</p>

MicroStrategy to Be Added to Major Equity Index

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