Strategy Poised to Join S&P 500 in June, Propelling Many Index Funds to Indirectly Invest in Bitcoin

BlockBeats News, February 16th, according to CoinDesk, if Bitcoin closes the first quarter above $96,000, Strategy (formerly MicroStrategy) may complete the S&P 500 inclusion process by June 20th. Currently, Strategy only needs to fulfill the requirement of "positive GAAP net income for the past 12 months" to meet all admission criteria. To achieve this goal, the Q1 2025 earnings need to sufficiently offset the losses from the first three quarters.

Analyst Richard Hass pointed out: "Based on a Q4 2024 net loss of $671 million, MSTR needs to achieve a profit of $1.13 billion in Q1 2025 to bring the net profit for the past four quarters into positive territory. Calculated based on the current holdings of 478,740 BTC, Bitcoin would need to reach $96,337 by March 31st."

On December 14th of last year, MicroStrategy (MSTR) was included in the Nasdaq 100 Index. Benchmark analyst Mark Palmer stated, "If the Bitcoin price remains strong and MSTR continues to accumulate, inclusion in the S&P 500 is within reach for MSTR. While being selected for the Nasdaq 100 is significant, the S&P 500 is the ultimate goal, as all S&P 500 index funds will hold MSTR stock, indirectly exposing investors to Bitcoin."