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Title: MicroStrategy Unlikely to Be Included in S&P 500 Soon
Despite recording four consecutive quarters of profits, MicroStrategy is unlikely to be included in the highly influential S&P 500 index soon. The company has been known for its strong financial performance and significant stake in Bitcoin.
As reported by U.Today earlier this week, MicroStrategy was added to the Nasdaq-100 index, which suggests that it may not meet the stringent criteria set forth by the committee managing the S&P 500 index. According to Erik Balchunas, a well-known expert on ETFs and cryptocurrency trading, the committee has historically blocked qualifying stocks prior to inclusion.
Given this precedent, the prospects of MicroStrategy being included in the S&P 500 are slim. The committee’s criteria for inclusion are not entirely clear, which makes it difficult to gauge the company’s chances of joining the index anytime soon.
Despite this setback, MicroStrategy is still a major player in the cryptocurrency space due to its significant holding of Bitcoin.
Source: u.today
