Bitcoin News Today: Bitcoin's Corporate Champion Could Rewrite the Rules of Finance

MicroStrategy Inc. (Nasdaq: MSTR), the corporate Bitcoin holding giant, has emerged as a top contender for inclusion in the S&P 500 index, with analysts and investors speculating that an announcement may come as early as September 5. The company recently acquired 4,048 BTC for $449 million, bringing its total Bitcoin holdings to 636,505 BTC, valued at $70 billion on its balance sheet. This move has fueled a 1.44% rise in MSTR stock, currently trading at $339.24. The firm’s market capitalization now exceeds $96.84 billion, well above the S&P 500’s $22.7 billion threshold for eligibility [1].

The potential inclusion of MicroStrategy in the index has sparked widespread discussion among market participants, with prominent traders like Josh Mandell and Lark Davis backing the likelihood of the company’s addition. Mandell, known for predicting Bitcoin’s $84,000 price target for March 2025, has suggested that MicroStrategy may have already been included, with only an official announcement pending. Analysts at Benchmark have similarly supported the firm’s inclusion, highlighting its strong financial position and liquidity profile. Despite criticism over its capital-raising strategies, Benchmark argues that the company’s recent equity issuance was a necessary recalibration to maintain its Bitcoin accumulation pace [2].

The broader implications of such an inclusion are significant. According to an analysis by Stephens Inc., if approved, index-tracking funds could be required to purchase approximately 50 million shares of MicroStrategy stock, worth around $16 billion at current prices. This would represent a substantial inflow of institutional capital, reinforcing the company’s market valuation and signaling a growing acceptance of crypto-related assets in traditional financial benchmarks. The firm’s inclusion in the Nasdaq 100 in December 2024 already marked a shift in institutional attitudes toward digital assets, and a potential S&P 500 listing would further cement its role as a bridge between the crypto and traditional markets [5].

MicroStrategy’s transformation from a software firm to a Bitcoin treasury company has been marked by both controversy and performance. The company has faced criticism for its aggressive capital-raising tactics, particularly the issuance of common stock to fund Bitcoin purchases, which led to a 20% drop in its share price over several weeks. However, Benchmark analysts have defended these actions, arguing that the drop was more closely tied to market sentiment and macroeconomic volatility than to the company’s strategy. They also note that the firm’s earnings—though largely driven by unrealized gains from Bitcoin—meet the S&P 500’s requirements for positive profitability [2].

The S&P 500 committee’s decision to include crypto-linked firms like Coinbase and Block earlier in the year suggests a willingness to integrate digital asset exposure into the index. However, the inclusion of MicroStrategy may face additional scrutiny due to its high volatility and the unconventional nature of its earnings. With a 30-day price volatility of 96%, MicroStrategy is more volatile than major tech stocks like Tesla and Nvidia, raising concerns about its suitability for an index that prioritizes stability and long-term performance. Despite this, the firm’s liquidity, market cap, and industry influence may outweigh these concerns, particularly as the crypto sector gains greater traction in mainstream finance [6].

As the September rebalance date approaches, market participants are closely watching for any indication from the S&P committee. A potential inclusion would not only validate MicroStrategy’s Bitcoin-focused strategy but also serve as a catalyst for broader institutional adoption of crypto assets. The outcome, however, remains uncertain, as the index’s composition is ultimately a discretionary decision influenced by factors beyond mere eligibility metrics. The result could reshape the landscape for both Bitcoin and corporate treasury strategies in the years ahead [6].

Source:

[1] title1 (https://finance.yahoo.com/news/microstrategy-eyes-p-500-analyst-201103867.html)

[2] title2 (https://www.theblock.co/post/369156/benchmark-defends-strategys-equity-sales-for-bitcoin-accumulation-sees-sp-500-potential)

[3] title3 (https://newhedge.io/bitcoin/us-equities-correlation)

[4] title4 (https://finance.yahoo.com/news/wall-street-veteran-says-bitcoin-131000044.html)

[5] title5 (https://coincentral.com/strategy-inc-challenges-wall-street-with-bold-bid-for-sp-500-inclusion/)

[6] title6 (https://fortune.com/crypto/2025/09/04/bitcoin-michael-saylor-sp-500-strategy-microstrategy/)