Michael Saylor’s Strategy and the S&P 500
Michael Saylor’s cryptocurrency firm, Strategy (Nasdaq: MSTR), has emerged as a front-runner for potential inclusion in the highly coveted S&P 500 index, known for reflecting the performance of the largest companies in the United States. As the index prepares for its quarterly rebalancing this Friday, Strategy’s strong performance has put it in the spotlight alongside other contenders such as Robinhood and Applovin.
Quarterly Rebalancing and Recent Additions
The S&P 500 is routinely updated every three months, with new companies added while others are removed, typically announced on Fridays. Notable additions in recent months include Jack Dorsey’s Bitcoin-centric company, Block (NYSE: XYZ), further fueling interest in which firms will be included in the prestigious index next.
Strategy’s Bitcoin Holdings
As of now, Strategy boasts a substantial holding of 636,505 bitcoins, valued at almost $71 billion, contributing to a total market capitalization of approximately $98 billion. This significant asset position places it squarely within the requirements for S&P 500 inclusion, a move that some analysts believe could have transformative implications for institutional investments in Bitcoin.
Expert Opinions on Inclusion
Adam Livingston, author of The Bitcoin Wizard, expressed optimism about MSTR’s potential inclusion, suggesting that it could be a pivotal moment for the cryptocurrency market. “This isn’t just another index shuffle. It is the moment where every 401K, robo-advisor, and pension fund accidentally ends up hodling bitcoin,” he remarked, hinting at the broader ramifications for various investment funds if MSTR secures a spot in the index.
