Strategy (MSTR), a Bitcoin treasury company, was the Nasdaq-100’s best-performing constituent over the past month after gaining 47.7%, more than double Meta’s 21.9% advance. The move highlights demand for listed exposure to Bitcoin and places Strategy at the center of a rotation toward Bitcoin-linked equities. The wider market was more selective: the Nasdaq-100 rose 0.72% during the week, while the S&P 500 fell 0.08%; healthcare and technology gained, but utilities, financials, value stocks and small caps declined. A Nasdaq-100 rebalance scheduled for September 21 is expected to raise SpaceX’s weighting from 1.28% to 2.82% after higher free-float availability following lockup expirations. With $1.7 trillion tracking the index, the change could require an estimated $15.5 billion to $22 billion in passive buying. SpaceX shares rose 2.6% to $154.81 and more than 4% for the week, although its July inclusion was followed by a nearly 6% decline despite $4.3 billion in passive inflows.