Should you sell MicroStrategy (MSTR) stock ahead of its Nasdaq-100 inclusion? Analyze the potential impact on MSTR

MicroStrategy's (NASDAQ:MSTR) growth engine could shift into overdrive, Bernstein suggested in a recent note, as the company's potential inclusion in the Nasdaq 100 Index might amplify its bitcoin-driven momentum and attract more capital for further bitcoin (BTC-USD) purchases.

MicroStrategy stock has rallied considerably on the back of Bitcoin’s meteoric rise. The resulting increase in market capitalization has set the stock on the path to a Nasdaq 100 inclusion. While the news may be positive for many,

Michael Saylor’s MicroStrategy Inc. checks all the boxes for inclusion in the Nasdaq 100 Index, a development that would trigger purchases of the shares by the $451 billion worth of exchange-traded funds around the world that directly track the benchmark.

A meteoric rise in MicroStrategy's shares has made the bitcoin hoarder a likely candidate for the tech-heavy Nasdaq 100 index ahead of an annual reshuffle this week.

The firm gets classified as a software company due to its main business before it became the largest corporate holder of Bitcoin.

MicroStrategy, a company well known for its substantial investment in Bitcoin, is poised to enter the Nasdaq 100 index on December 23, with an official announcement anticipated this week, per Bloomberg Intelligence analyst Eric Balchunas.