Michael Saylor Predicts MARA Holdings Will Be Next Bitcoin Firm to Join Nasdaq 100

MicroStrategy founder and prominent Bitcoin advocate Michael Saylor has predicted that crypto mining company MARA Holdings will be the next Bitcoin-related firm to join the prestigious Nasdaq 100 Index.

Saylor made this comment in a Dec. 14 post on X, responding to MARA Holdings’ chairman and CEO Fred Thiel, who had congratulated Saylor on MicroStrategy’s recent inclusion in the Nasdaq 100. “Thanks Fred. I expect $MARA will be the next,” Saylor wrote, expressing confidence in MARA’s future.

MicroStrategy is set to join the Nasdaq 100 before trading begins on Dec. 23, following its inclusion as one of the index’s newest members. The company will join two other firms in the Nasdaq 100, which represents the 100 largest companies on the Nasdaq stock exchange by market capitalization.

MARA Holdings Eyes Nasdaq 100

MARA Holdings, a prominent Bitcoin mining company, has been making significant moves in recent months to strengthen its position in the Bitcoin ecosystem. In a Dec. 13 statement, Fred Thiel congratulated Saylor and MicroStrategy for becoming the first Bitcoin treasury company to join the Nasdaq 100, and hinted at MARA’s ambitions to follow suit.

“MARA is working hard to get there,” Thiel said, referencing the company’s efforts to increase its Bitcoin holdings and market presence. MARA has spent more than $600 million on Bitcoin in the last two months, according to a Dec. 2 filing with the U.S. Securities and Exchange Commission.

As of Dec. 13, MARA had a market capitalization of $7.32 billion, significantly smaller than MicroStrategy’s $94.77 billion market cap. Despite the gap, MARA’s strong growth in the Bitcoin sector suggests it may soon be positioned to join the ranks of the Nasdaq 100.

MicroStrategy’s Impressive Stock Performance

MicroStrategy’s stock has seen significant growth in recent months, closing the trading week on Dec. 13 at $408.67, reflecting an impressive 173.27% increase over the past six months. This surge is largely attributed to the company’s Bitcoin strategy, which has seen it accumulate significant amounts of the cryptocurrency as part of its corporate treasury.

Meanwhile, MARA’s stock has also shown positive movement, closing at $22.73 on Dec. 13, marking a 16.74% increase over the past six months. While the two companies differ in market capitalization, both are benefiting from the ongoing growth of the Bitcoin ecosystem and its increasing integration into mainstream finance.

The Path to Nasdaq 100

For new companies to join the Nasdaq 100, other companies must be removed from the index. Alongside MicroStrategy, Illumina, Super Micro Computer, and Moderna will be removed to make space for new additions. While MARA is not yet officially a part of the Nasdaq 100, its trajectory indicates that it could be the next Bitcoin-related firm to achieve this milestone.

MARA Advocates for Bitcoin’s Strategic Role in the U.S.

In a related development, MARA Holdings has been vocal about the strategic importance of Bitcoin, urging the U.S. government to secure a dominant position in Bitcoin and Bitcoin mining for economic and national security reasons. In a Nov. 26 post on X, MARA emphasized the need for the U.S. to take a more aggressive stance in Bitcoin mining, particularly as the world witnesses a growing trend of de-dollarization.

MARA’s statement highlighted that, just as the U.S. has historically taken the lead in securing gold reserves, it must now take steps to ensure it remains a dominant player in the Bitcoin space, especially with the increasing global shift away from reliance on the U.S. dollar.

Conclusion

With its significant investments in Bitcoin and ambitious goals for growth, MARA Holdings is positioning itself as a key player in the cryptocurrency mining industry. While MicroStrategy has already achieved Nasdaq 100 inclusion, Saylor’s prediction that MARA will follow suit reflects the company’s strong upward momentum and growing importance within the Bitcoin ecosystem. As both firms continue to accumulate Bitcoin and capitalize on the cryptocurrency’s increasing role in global finance, their trajectories suggest that the intersection of traditional finance and digital assets will only become more prominent in the coming years.