Bitcoin-Hoarding Company Strategy Remains In NASDAQ 100

Michael Saylor can breathe a sigh of relief as Strategy maintains its presence in the NASDAQ 100. Earlier this year, Strategy, the Bitcoin-Treasury company that maintains a highly controversial balance sheet thanks to its massive Bitcoin balance, was on the verge of a delisting from the NASDAQ 100.

Strategy was largely criticized for its business model, which every analyst in the industry is currently considering to be an Investment Fund. Cries over delisting Strategy had been intensified since Peter Schiff, noted crypto skeptic, had challenged Saylor to a debate in the Binance Blockchain Week held in Dubai.

Despite the odds, Strategy has maintained its composure as it is not delisted from the NASDAQ 100 at the moment. This has left many traditional finance enthusiasts frowning; however, Saylor and his fans are in a safe zone for the time being.

Increasing Number Of Copycats Raises Concern

Strategy, which was originally a software company called MicroStrategy, had shifted its focus to Bitcoin in the year 2020. Since then, Strategy has been the centre point of discussions and debates that questioned the viability of such a business model.

Since Michael Saylor and MicroStrategy have a tainted past from the dot-com bubble, the trials and tribulations have been mounting pressure on MicroStrategy. However, since the delisting threat has passed for the moment, Strategy is focusing on its operations once again.

The major problem that arises with Bitcoin-based investment funds is the price gyrations of Bitcoin. In October 2025, as Bitcoin had hit an all-time high of around $126,000, MSTR had also skyrocketed in share value. However, the following November crash revealed the inherent problem companies like Strategy are facing.

Today, many copycat companies are transitioning their business model after Strategy. Metaplanet, Semler Scientific, Genius Group, Goodfood Market, Boyaa Interactive, Cango, KULR Technology Group, have all changed their business model and are now heavily reliant on the price health of BTC. This is what is concerning many industry veterans who are dominant figures of the traditional finance industry and are avid crypto skeptics.

Since the entire portfolio of such companies is strictly reliant on the price of Bitcoin, the investor’s funds are not in safe hands, according to industry veterans like Peter Schiff. This type of business model has been criticized for being fraudulent multiple times by different industry experts. Saylor’s past only adds to the problem as Strategy is leading the pack of Bitcoin-hedged companies.

Also Read: Bitcoin Price Prediction Today: Will BTC Break $94K Amid Fed Pressure?

The Threat Has Not Passed

Just because Strategy was not delisted this time does not mean that it is out of deep waters. The falling prices of Bitcoin are raising many concerns over indexes similar to the NASDAQ 100. Recently, global index provider MSCI had stated that it had concerns about the digital-asset treasury companies listed in its index.

While the entire structure is supported by the price of Bitcoin, it is natural that skepticism takes hold easily. However, this skepticism is reasonable as MSTR had seen a huge drop in November post the crash of Bitcoin from its October highs.

Whether digital-asset treasury companies are a viable business model remains a highly debated topic. As veterans of the industry point out several reasons and logical factors to undermine the credibility of such companies, the only defence for companies like Strategy is to wait patiently for BTC prices to rise.

Also Read: XRP Stalls Despite Ripple’s OCC Win – Here’s The Institutional Catch