{"id":870997,"date":"2025-09-06T21:12:36","date_gmt":"2025-09-07T02:12:36","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/09\/06\/microstrategys-bitcoin-play-misses-out-on-sp-500\/"},"modified":"2025-09-06T21:12:36","modified_gmt":"2025-09-07T02:12:36","slug":"microstrategys-bitcoin-play-misses-out-on-sp-500","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/09\/06\/microstrategys-bitcoin-play-misses-out-on-sp-500\/","title":{"rendered":"MicroStrategy\u2019s Bitcoin Play Misses Out On S&#038;P 500"},"content":{"rendered":"<div>\n<h2>MicroStrategy\u2019s Bitcoin Play Misses Out On S&#038;P 500<\/h2>\n<div>\n<ul>\n<li>Strategy, the Bitcoin-focused firm led by Michael Saylor, was left out of the S&#038;P 500 despite its massive holdings and rising profile.<\/li>\n<li>Analysts point to its inconsistent earnings, which swing between multibillion-dollar gains and losses depending on Bitcoin\u2019s price.<\/li>\n<li>This exclusion highlights how traditional financial standards clash with the volatility of Bitcoin-driven corporate strategies.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div>\n<p><strong>Strategy, formerly known as MicroStrategy, has built its reputation as the world\u2019s largest corporate Bitcoin holder, yet the company was left out of the S&#038;P 500 during the latest rebalancing.<\/strong><\/p>\n<p>The decision surprised many in the crypto community, who expected the Michael Saylor\u2013led firm to join the ranks of America\u2019s most valuable companies. Notably, crypto trading platform Robinhood was included in the index.<\/p>\n<p><small>Sponsored<\/small><\/p>\n<p><small>Sponsored<\/small><\/p>\n<h2 id=\"h-why-did-strategy-miss-out-on-s-amp-p-500-inclusion\">Why Did Strategy Miss Out on S&#038;P 500 Inclusion?<\/h2>\n<p><a href=\"https:\/\/beincrypto.com\/coinbase-joins-sp500-replacing-discover\/\" target=\"_blank\" rel=\"noreferrer noopener\">The S&#038;P Dow Jones Indices<\/a> 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\u2019s financial record does not meet that bar.<\/p>\n<p>Since pivoting to Bitcoin in 2020, the company\u2019s results have swung sharply depending on BTC\u2019s price. <\/p>\n<p><small>Sponsored<\/small><\/p>\n<p><small>Sponsored<\/small><\/p>\n<p>In the second quarter of this year, rising Bitcoin valuations pushed <a href=\"https:\/\/beincrypto.com\/strategy-financial-results-q2-2025-bitcoin-gains\/\">Strategy\u2019s net profit above $10 billion<\/a>. However, just one quarter earlier, a BTC slump forced the firm to <a href=\"https:\/\/beincrypto.com\/microstrategy-net-losses-q1-new-bitcoin-purchase-plan\/\" target=\"_blank\" rel=\"noreferrer noopener\">record a $4.2 billion net loss.<\/a><\/p>\n<p>This inconsistency likely factored into the decision to exclude the stock despite its market capitalization and trading volume.<\/p>\n<blockquote>\n<p>\u201cMicroStrategy\u2019s financials are dominated by unrealized gains\/losses on Bitcoin holdings, which swing its income from big profits to big losses quarter by quarter,\u201d crypto analyst Vincent Van Code <a href=\"https:\/\/x.com\/vincent_vancode\/status\/1964132842356822409\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">said <\/a>on X.<\/p>\n<\/blockquote>\n<p>Indeed, Strategy\u2019s <a href=\"https:\/\/beincrypto.com\/microstrategy-sp-500-nasdaq-listing-speculation\/\" target=\"_blank\" rel=\"noreferrer noopener\">potential addition to the S&#038;P 500 <\/a>carries weight beyond prestige. The index anchors trillions of dollars in institutional funds and ETFs, meaning inclusion often sparks additional buying pressure.<\/p>\n<p>Strategy, which currently holds 636,505 BTC in its corporate treasury, could use that recognition to attract more mainstream investors to the emerging industry.<\/p>\n<p>Considering this, some crypto community members argue that the <a href=\"https:\/\/beincrypto.com\/jack-dorseys-block-earns-sp-500-milestone\/\" target=\"_blank\" rel=\"noreferrer noopener\">index should adapt to the new financial reality Bitcoin represents.<\/a><\/p>\n<p><small>Sponsored<\/small><\/p>\n<p><small>Sponsored<\/small><\/p>\n<blockquote>\n<p>\u201cS&#038;P 500 needs MSTR, MSTR doesn\u2019t need S&#038;P 500. Bitcoin deserves a spot in every retirement account,\u201d Jeff Walton, the Vice President of Bitcoin Strategy at Strive, <a href=\"https:\/\/x.com\/PunterJeff\/status\/1964076498672898271\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">stated<\/a>.<\/p>\n<\/blockquote>\n<p>To corroborate this point, Saylor pointed out that the firm\u2019s stock has delivered nearly double the return of Bitcoin itself. He added that it has outclassed traditional assets such as the S&#038;P 500.<\/p>\n<figure><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"675\" src=\"https:\/\/beincrypto.com\/wp-content\/uploads\/2025\/09\/image-88.png\" alt=\"Strategy's Stock Performance vs. S&#038;P 500 Index.\"  ><figcaption>Strategy\u2019s Stock Performance vs. S&#038;P 500 Index. Source: <a href=\"https:\/\/x.com\/saylor\/status\/1964219505694892123\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Michael Saylor<\/a><\/figcaption><\/figure>\n<p>Meanwhile, the next opportunity for inclusion will come in December, when S&#038;P will announce its new quarterly adjustments. <\/p>\n<p>Until then, Strategy\u2019s exclusion highlights the tension between traditional financial metrics and digital assets\u2019 volatile but growing influence.<\/p>\n<\/div>\n<div>\n<p>Disclaimer<\/p>\n<div>\n<p>In adherence to the <a href=\"https:\/\/beincrypto.com\/trust-project\/\" target=\"_blank\" rel=\"noopener noreferrer\">Trust Project<\/a> guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our <a href=\"https:\/\/beincrypto.com\/terms-and-conditions\/\" target=\"_blank\" rel=\"noopener noreferrer\">Terms and Conditions<\/a>, <a href=\"https:\/\/beincrypto.com\/privacy-policy\/\" target=\"_blank\" rel=\"noopener noreferrer\">Privacy Policy<\/a>, and <a href=\"https:\/\/beincrypto.com\/disclaimer\/\" target=\"_blank\" rel=\"noopener noreferrer\">Disclaimers<\/a> have been updated.<\/p>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/beincrypto.com\/microstrategy-misses-out-sp-500-index\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Oluwapelumi Adejumo<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MicroStrategy\u2019s Bitcoin Play Misses Out On S&amp;P 500 Strategy, the Bitcoin-focused firm led by Michael Saylor, was left out of the S&amp;P 500 despite its massive holdings and rising profile. Analysts point to its inconsistent earnings, which swing between multibillion-dollar gains and losses depending on Bitcoin\u2019s price. This exclusion highlights how traditional financial standards clash<\/p>\n","protected":false},"author":1,"featured_media":870998,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4041,95076],"tags":[],"class_list":["post-870997","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","category-microstrategys"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/870997","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=870997"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/870997\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/870998"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=870997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=870997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=870997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}