Bitcoin News Today: Bitcoin Bull Saylor's MSTR Misses S&P 500 Cut as Robinhood Rises

Michael Saylor’s MicroStrategy (MSTR) faced a significant setback on Sept. 5, 2025, when it was excluded from the S&P 500 index despite meeting eligibility criteria [1]. The index, which tracks the top 500 U.S. public companies, instead added Robinhood Markets (HOOD) and two non-crypto firms, AppLovin Corp. and Emcor Group Inc., effective Sept. 22 [1]. The news triggered a 2.64% drop in MSTR’s stock after-hours trading, wiping out gains from earlier in the day [3]. Saylor, a prominent advocate for Bitcoin, leads a firm that holds 636,505 BTC, valued at approximately $70 billion [1]. The exclusion was seen as a disappointment for both MicroStrategy and the broader crypto community, which had anticipated a milestone for institutional recognition of digital assets.

Robinhood’s inclusion marked a historic moment for the crypto sector, as it became the third publicly traded crypto-focused firm to enter the S&P 500, following Coinbase and Block, Inc. [1]. Robinhood’s stock surged 7% after hours, contrasting sharply with MicroStrategy’s decline. The firm, co-founded by Vladimir Tenev, has faced regulatory scrutiny in the past, particularly for its June announcement of tokenized stocks from companies like OpenAI [1]. Despite this, the market reacted favorably to its inclusion, reflecting optimism about its role in shaping the future of digital finance.

Saylor has long been a bullish voice in the crypto space, recently predicting Bitcoin prices could reach $21 million by 2045 [2]. His rationale centers on the potential for widespread tokenization of assets, with Bitcoin serving as a decentralized reserve currency on the blockchain [2]. He argues that tokenizing real estate, financial instruments, and other assets could enhance transparency and efficiency, creating a new global financial system. However, critics question the feasibility of such a vision, noting that widespread adoption would require unprecedented regulatory cooperation and economic restructuring.

While Saylor’s forecasts remain speculative, his company’s investment in Bitcoin underscores his conviction in the asset’s long-term value [2]. MicroStrategy’s holdings represent a significant portion of its treasury, and its strategic use of Bitcoin as a corporate reserve asset has drawn both praise and skepticism. In comparison to traditional stores of value like gold, Bitcoin’s market cap would need to reach $24.4 trillion to match gold’s valuation, translating to a price of approximately $1,160,000 per coin [2]. This target, while more grounded than Saylor’s $21 million prediction, still represents a massive shift in investor sentiment and market dynamics.

The S&P 500’s inclusion of crypto-related firms like Robinhood, Coinbase, and Block, Inc. highlights a broader trend of institutional acceptance of digital assets [1]. These companies, despite varying degrees of regulatory controversy, are seen as innovators in a rapidly evolving financial landscape. MicroStrategy’s exclusion, though a setback, does not diminish the sector’s growing influence. The market’s reaction to Robinhood’s inclusion suggests that investors remain cautiously optimistic about the integration of crypto into mainstream finance.

As the crypto sector continues to evolve, the performance of companies like MicroStrategy and Robinhood will be closely watched for signals of broader market sentiment. Saylor’s advocacy for Bitcoin and his firm’s substantial holdings position him as a key figure in the debate over digital assets’ role in the future of finance. Meanwhile, the inclusion of crypto-linked firms in major indices signals a gradual but meaningful shift in how financial markets assess and incorporate emerging technologies.

Source:

[1] title1 (https://finance.yahoo.com/news/michael-saylor-microstrategy-misses-p-002101210.html)

[2] title2 (https://www.fool.com/investing/2025/09/06/1-cryptocurrency-buy-soars-18800-michael-saylor/)