Strategy survives first Nasdaq 100 shakeup since entering the index

Nasdaq is exploring the possibility of extending its trading hours to 23 hours a day in response to increasing investor demand, particularly in the cryptocurrency sector where trading occurs around the clock. This move acknowledges that many clients are already active during overnight hours, reflecting a shift in trading behavior influenced by the crypto market.

The U.S. Securities and Exchange Commission (SEC) has initiated a formal review of Nasdaq's proposal to list and trade tokenized stocks, marking a significant step in the integration of blockchain technology within traditional equity markets. This review will assess how these tokenized shares can coexist with equities cleared by the Depository Trust and Clearing Corporation (DTCC).

Strategy has successfully retained its position in the Nasdaq 100 index during this year's reshuffling, marking its first retention since joining the index last December. This comes amid ongoing scrutiny from MSCI regarding the potential exclusion of firms with significant cryptocurrency holdings, particularly as Strategy navigates challenges related to its Bitcoin assets.