On December 12th, news reports confirmed that this publicly traded company, which has attracted attention due to its large holdings of Bitcoin, successfully maintained its position in the Nasdaq 100 index. This means it has remained in this important benchmark index for a full year.

Earlier, many Wall Street analysts predicted that it might be kicked out of the Nasdaq 100, mainly because the scale of its digital asset holdings raised concerns about risk concentration, and this investment strategy significantly differed from the operational models of traditional tech stocks. Some institutional investors even hedged against the possibility of its removal by shorting.

This outcome may have provided some relief to the company's executives. From a broader perspective, this incident actually reflects an increasing acceptance of crypto assets in traditional financial markets. A company whose main asset is Bitcoin being able to stay in the Nasdaq’s core index indicates that the market and regulators are gradually embracing digital currencies as part of mainstream asset allocation.

What does this mean for the entire crypto ecosystem? From a signaling perspective, it is a default endorsement of Bitcoin’s value proposition by large institutions and traditional finance. In terms of market impact, the fact that such a company can maintain a long-term presence in the index may attract more traditional investors to indirectly engage with the crypto market. What are your thoughts on this development?