Bloomberg analysts: If ICB classifies MSTR as a financial stock, it will not meet the qualifications for Nasdaq 100

ChainCatcher news, Bloomberg analyst James Seyffart posted on social media that whether Microstrategy (MSTR) can be classified as part of the Nasdaq 100 may depend on its ICB classification. If the company's operating business is software as a service, it would classify it as a tech stock. However, its stock performance is now largely tied to financial engineering, stemming from its Bitcoin purchases.

Chairman Michael Saylor has stated that he hopes to transform MicroStrategy into a "Bitcoin bank." If the ICB reclassifies MicroStrategy as a financial stock, it will not meet the qualifications for the Nasdaq 100.