Summary
MicroStrategy is close to qualifying for the S&P 500 Index due to its dramatic gains this year, which could benefit both the company and the Bitcoin market. Inclusion in the index could bring in new demand from passive investors, potentially leading to more BTC purchases by MicroStrategy. However, the company’s inclusion is not guaranteed and other factors like profitability and liquidity must be considered.
Key Points
1. MicroStrategy’s dramatic gains this year are bringing it close to qualification for the S&P 500 Index, which could prove bullish for both the company and the Bitcoin market.
2. Inclusion in the S&P 500 could bring in a tsunami of new demand from passive SPY investors, potentially sparking a massive positive feedback loop enabling Bitcoin to begin infiltrating nearly every portfolio.
3. MicroStrategy currently holds at least 190,000 BTC, surpassing $10 billion in value, and rising share values as a result of passive flows could ultimately benefit Bitcoin as the company’s primary goal is to acquire as much BTC as possible.