Analyst: MicroStrategy expected to be included in S&P 500 in June 2025
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2024-12-17 04:32 7,025
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Golden Finance reports that MicroStrategy (MSTR) will officially join the Nasdaq 100 Index on December 23, 2024, becoming the first Bitcoin company to be selected into the index. Analysts expect this to bring about $2.1 billion in passive ETF buying and increase market liquidity. Although the company has not yet met the S&P 500's profitability criteria, MicroStrategy is expected to be included in the S&P 500 quarterly adjustment in June 2025 after new accounting standards take effect in January 2025. The company currently holds 439,000 Bitcoins, worth over $45 billion.