Bloomberg Intelligence reports that MicroStrategy will be announced as a new member of the Nasdaq 100 this Friday.

The Nasdaq-100 is a stock market index that includes the stocks of the 100 largest non-financial companies listed on the Nasdaq exchange. Being added to this list will bring in investment cash through ETF funds.

"We anticipate that there will be at least $2.1 billion in net stock purchases by ETF funds" - Bloomberg @ JSeyff