Bitcoin-Proxy MicroStrategy Added to MSCI World Stock Index
- Enterprise-software firm has a $13 billion hoard of Bitcoin
- Company’s shares outperformed Bitcoin the over past year
MicroStrategy’s co-founder Michael Saylor is a prominent Bitcoin advocate.
Photographer: Valerie Plesch/BloombergThis article is for subscribers only.
MicroStrategy Inc., a company best-known for accumulating a roughly $13 billion hoard of Bitcoin, will be included in a key global equity index following a rally in the firm’s shares that outpaced the digital asset.
The Tysons Corner, Virginia-based enterprise software maker is one of the three largest additions to the MSCI World Index based on market capitalization, MSCI Inc. said in a statement on Tuesday. Index providers regularly review their gauges and the latest changes take effect at the end of the month.