MicroStrategy 加入纳斯达克 100 指数，这是接受比特币押注的标志

（彭博社）——基准监管机构周五表示，互联网时代的软件制造商 MicroStrategy Inc. 已转型为比特币杠杆押注，震惊了华尔街，该公司即将加入纳斯达克 100 指数。

Nasdaq Global Indexes said late Friday that MicroStrategy Inc., Palantir Technologies Inc. and Axon Enterprise Inc. will join the Nasdaq 100 Index, while Illumina Inc., Super Micro Computer Inc. and Moderna Inc. will be removed, effective prior to market open on Monday, Dec. 23.

纳斯达克全球指数周五晚间表示，MicroStrategy Inc.、Palantir Technologies Inc. 和 Axon Enterprise Inc. 将加入纳斯达克 100 指数，而 Illumina Inc.、Super Micro Computer Inc. 和 Moderna Inc. 将被剔除，在开市前生效12 月 23 日星期一。

The decision to add MicroStrategy, announced late Friday by Nasdaq Global Indexes, represents a major stamp of institutional acceptance for its controversy-courting founder, Michael Saylor, whose disdain for Wall Street convention has helped spur a 500% rally in its shares this year and made him a hero to Bitcoin bulls. MicroStrategy, which started out as a maker of enterprise analytics software, has gained renown and become vastly more valuable since it started amassing the cryptocurrency hand-over-fist in 2020.

周五晚些时候，纳斯达克全球指数宣布了将 MicroStrategy 纳入其中的决定，这标志着该公司备受争议的创始人迈克尔·塞勒 (Michael Saylor) 得到了机构的认可，他对华尔街惯例的蔑视促使其股价今年上涨了 500%，使他成为比特币多头的英雄。 MicroStrategy 最初是一家企业分析软件制造商，自从 2020 年开始积累加密货币以来，它已经赢得了声誉，并且变得更加有价值。

Gains averaging more than 40% over the last three months pushed the company's market value to almost $100 billion, more than about half the Nasdaq 100’s members, satisfying a key prerequisite for membership. With the appreciation has also come extreme volatility — the shares have swung about five times as much as the Nasdaq index over the span — a trait that could add turbulence to the benchmark itself.

过去三个月平均涨幅超过 40%，将该公司的市值推至近 1000 亿美元，超过纳斯达克 100 指数成分股的一半以上，满足了成为会员的关键先决条件。随着升值也带来了剧烈的波动——该股在此期间的波动幅度约为纳斯达克指数的五倍——这一特征可能会加剧该基准指数本身的动荡。

Shares of the Tysons Corner, Virginia-based company have become a major investment story this year by surging more than 500% as it accelerated an unconventional plan to raise capital solely to purchase and hold the cryptocurrency. It has announced multibillion-dollar acquisitions every Monday over the past five weeks, surging along with the token's price — and raising questions in some circles about the strategy's sustainability.

这家总部位于弗吉尼亚州泰森斯角的公司的股价今年飙升了 500% 以上，成为了一个主要的投资故事，因为该公司加速了一项非常规计划，旨在筹集资金以购买和持有加密货币。在过去的五周里，它每周一都会宣布价值数十亿美元的收购，随着代币价格的上涨，一些人对该战略的可持续性提出了质疑。

MicroStrategy's inclusion in the index may have bullish implications for Bitcoin itself, though the connection is tenuous. Besides selling convertible bonds, Saylor has raised billions of dollars to fund his crypto buying by issuing fresh stock into the market. Those sales could become easier should index-tracking investors become a near-term source of demand.

MicroStrategy 被纳入该指数可能会对比特币本身产生看涨影响，尽管这种联系很脆弱。除了出售可转换债券外，塞勒还通过向市场发行新股票筹集了数十亿美元，为他的加密货币购买提供资金。如果追踪指数的投资者成为近期需求来源，这些销售可能会变得更容易。

MicroStrategy posted a third consecutive quarterly loss after taking an impairment charge against the value of its roughly $18 billion stockpile of the cryptocurrency. Third-quarter revenue from its software business fell 10% below forecasts.

MicroStrategy 在对其约 180 亿美元的加密货币库存进行减值准备后，连续第三个季度出现亏损。第三季度软件业务收入比预期下降 10%。

Palantir’s inclusion highlights the tailwinds from artificial intelligence, which pushed the stock to a blistering 343% rally this year. It is also another milestone for a company that makes data analysis tools for companies and governments after being added to the S&P 500 in September.

Palantir 的加入凸显了人工智能的推动力，推动该股今年涨幅高达 343%。这也是一家为企业和政府提供数据分析工具的公司继9月份入选标普500指数之后的又一里程碑。

Co-founded by billionaire Peter Thiel, the company reported better-than-expected quarterly revenue for the third quarter and raised its forecast for operating income in the current period, citing high demand in the US for its artificial intelligence software.

该公司由亿万富翁彼得·蒂尔(Peter Thiel)联合创立，报告第三季度营收好于预期，并上调了本期营业收入预期，理由是美国对其人工智能软件的需求很高。

Palantir built its reputation working with the US national intelligence community, and is now used across all US military branches and by allied forces in Ukraine and Israel.

Palantir 与美国国家情报界合作建立了良好的声誉，目前已在美国所有军事部门以及乌克兰和以色列的盟军中使用。

Meanwhile, Axon is also having a great year, with its stock surging 150% year-to-date. The Scottsdale, Arizona-based company reported better-than-expected third-quarter profit and raised its full-year revenue forecast. Investors and analysts have been bullish on its new bundle of AI-powered software, including Draft One, which can produce written reports from audio transcriptions taken from police body-cams.

与此同时，Axon 也度过了美好的一年，其股价今年迄今飙升了 150%。这家总部位于亚利桑那州斯科茨代尔的公司公布了好于预期的第三季度利润，并上调了全年收入预期。投资者和分析师一直看好其新的人工智能软件套件，其中包括 Draft One，该软件可以根据警方随身摄像头采集的音频转录生成书面报告。

The Nasdaq 100 comprises the largest non-financial companies listed on the Nasdaq stock exchange. There is no minimum market capitalization requirement to be eligible for inclusion, but stocks must have an average daily trading volume of at least 200,000 shares, among other criteria.

纳斯达克 100 指数由在纳斯达克证券交易所上市的最大的非金融公司组成。纳入资格没有最低市值要求，但除其他标准外，股票的平均每日交易量必须至少为 200,000 股。

Joining the index can benefit a company by providing increased equity trading liquidity, a lower cost of capital and heightened visibility from investors. Furthermore, a spot in the coveted Nasdaq 100 boosts a firm’s investor profile and adds to trading liquidity — factors that can potentially propel a company’s stock price.

加入该指数可以提高股票交易流动性、降低资本成本并提高投资者的知名度，从而使公司受益。此外，进入令人垂涎的纳斯达克 100 指数可以提高公司的投资者形象并增加交易流动性——这些因素可能会推动公司的股价上涨。

Many large index funds, like the $320 billion Invesco QQQ Trust Series 1 exchange-traded fund, track the Nasdaq 100 and must own all of its members’ shares. And actively managed funds that are benchmarked against it have to buy the stocks as well.

许多大型指数基金，例如价值 3200 亿美元的 Invesco QQQ Trust Series 1 交易所交易基金，追踪纳斯达克 100 指数，并且必须拥有其所有成员股票。以它为基准的主动管理基金也必须购买这些股票。

Some $451 billion in ETFs around the world directly track the Nasdaq 100 and at least $22 billion of buying across 19 different stocks by ETFs around the world will occur when the index rebalances, Bloomberg Intelligence's James Seyffart wrote in a recent note. The addition of Palantir, MicroStrategy and Axon will potentially fuel at least $3.8 billion, $2.1 billion, and $1.3 billion of purchases, respectively, his calculations show.

彭博资讯 (Bloomberg Intelligence) 的 James Seyffart 在最近的一份报告中写道，全球约有 4510 亿美元的 ETF 直接追踪纳斯达克 100 指数，当该指数重新平衡时，全球 ETF 将会购买至少 220 亿美元的 19 只不同股票。他的计算显示，Palantir、MicroStrategy 和 Axon 的加入将可能分别推动至少 38 亿美元、21 亿美元和 13 亿美元的采购。

The Nasdaq 100 is up 30% this year as mega-cap technology shares lift the index. By comparison, the S&P 500 has gained 27%, while

由于大型科技股提振了纳斯达克 100 指数，该指数今年上涨了 30%。相比之下，标准普尔 500 指数上涨了 27%，而