MicroStrategy’s Bitcoin Play Misses Out On S&P 500

Strategy, formerly known as MicroStrategy, has built its reputation as the world’s largest corporate Bitcoin holder, yet the company was left out of the S&P 500 during the latest rebalancing. The decision surprised many in the crypto community, who expected the Michael Saylor–led firm to join the ranks of America’s most valuable companies. Notably, crypto trading platform Robinhood was included in the index. Why Did Strategy Miss Out on S&P 500 Inclusion? The S&P Dow Jones Indices does not disclose why specific firms are excluded, but its criteria require that companies post positive earnings over the last four quarters, including the latest quarter. Strategy’s financial record does not meet that bar. Since pivoting to Bitcoin in 2020, the company’s results…