Bitcoin News Today: Bitcoin's Top Corporate Holder Snubbed by S&P 500 Just as Crypto Rises

Michael Saylor, the executive chairman of MicroStrategy, remains one of the most prominent figures in the corporate adoption of Bitcoin. As of the latest available data, MicroStrategy holds approximately 636,505 Bitcoin, valued at around $70 billion, making it the largest corporate holder of the cryptocurrency. Despite this significant position, the company missed inclusion in the S&P 500 index during the latest rebalancing on September 5, 2025. This exclusion came as a disappointment to the crypto community, given the company’s strong financial performance and alignment with digital assets [1].

The S&P 500, a stock market index representing 500 of the largest U.S. publicly traded companies, is a key benchmark for institutional investors. Prior to this update, two other crypto-related firms—Coinbase and Block, Inc.—had already been added to the index. Coinbase, led by billionaire Brian Armstrong, joined in mid-May, while Jack Dorsey’s Block, Inc. was included in late July. These additions marked a significant milestone for the crypto industry, signaling growing institutional acceptance of digital assets. However, despite meeting all the criteria for inclusion, MicroStrategy did not secure a spot in the index, causing its stock price to fall nearly 3% after market hours, erasing gains from the day [2].

In contrast, Robinhood Markets, a digital trading platform with expanding crypto services, was unexpectedly added to the S&P 500. This inclusion, announced on September 5, led to a 7% surge in its stock price after the market closed. Robinhood’s entry into the index is notable not only because it is the third crypto-focused company to join but also because of its recent foray into tokenized stocks. The company has drawn both praise and controversy for its decision to offer shares in entities like OpenAI. Its addition to the S&P 500 is expected to bring increased visibility and investor attention to its operations [1].

Analysts have noted that the inclusion or exclusion of a firm in the S&P 500 can have broader implications for the industry. For crypto firms like MicroStrategy, being added to the index could serve as a catalyst, exposing the company to a wider base of investors and potentially boosting its market capitalization. The decision not to include MicroStrategy raises questions about the criteria used by the S&P Dow Jones Indices, particularly regarding the balance between traditional financial metrics and the evolving nature of digital assets [2].

Meanwhile, the broader crypto market experienced a notable rebound, with Bitcoin rising above $112,000 in early September. Analysts attributed this movement to a combination of factors, including reduced short positions and expectations of a potential Federal Reserve rate cut. As Bitcoin’s price fluctuates, the financial strategies of companies like MicroStrategy remain under close scrutiny. The firm has diversified its capital-raising methods beyond issuing common stock, including the launch of preferred shares such as STRK and STRF, which offer varying levels of yield and Bitcoin backing. These instruments provide flexibility for the company to continue purchasing Bitcoin while managing investor expectations [3].

The decision by MicroStrategy to hold and expand its Bitcoin treasury reflects a broader trend among publicly traded companies. According to recent data, corporate Bitcoin holdings have exceeded 1 million BTC, valued at over $111 billion. This trend underscores the growing recognition of Bitcoin as a reserve asset. As more firms adopt similar strategies, the demand for Bitcoin is likely to remain strong, reinforcing its role as a hedge against traditional market volatility and a store of value [4].

Source:

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

[2] title2 (https://www.coindesk.com/business/2025/09/05/michael-saylor-s-strategy-snubbed-by-s-and-p-500-amid-robinhood-s-surprise-inclusion)

[3] title4 (https://www.thestreet.com/crypto/investing/another-analyst-wants-to-dump-microstrategy-entirely)

[4] title5 (https://www.mitrade.com/insights/news/live-news/article-3-1099142-20250905)