Bitcoin News Today: Strategy's S&P Snub Highlights Battle for Bitcoin's Future

Strategy Inc. (NASDAQ:MSTR), the world’s largest corporate holder of Bitcoin, has taken additional steps to expand its Bitcoin portfolio, reflecting a broader trend of institutional adoption across corporate sectors. In the wake of financial market volatility and broader economic conditions, the company’s stock recently dipped nearly 3% after it was unexpectedly excluded from the S&P 500 index, despite meeting all inclusion criteria. The decision came as Robinhood (HOOD), a digital trading platform with growing crypto ambitions, was added to the index, causing its stock to rise by 7% after market close on September 5, 2025 [1].

Despite the setback, analyst Mark Palmer of Benchmark Co. reiterated a "Buy" rating for Strategy Inc. with a price target of $705, emphasizing that the recent stock pressure is largely a reflection of broader market dynamics and the compression of Bitcoin premiums rather than any internal missteps [2]. According to Palmer, the company’s strategic decision to relax its common equity issuance limits provides financial flexibility, supporting its goal of growing Bitcoin holdings while maintaining balance sheet strength. This approach enables Strategy to capitalize on attractive entry points for future purchases and distinguishes it from traditional mining companies by offering a risk-controlled avenue for Bitcoin exposure through equity-based investment [2].

Businesses across industries continue to allocate significant portions of their net income toward Bitcoin investments, reinforcing the company’s core strategy. A recent report by River found that public companies now control more than 6% of Bitcoin’s circulating supply, with Bitcoin Treasury Companies accounting for 76% of all business purchases since January 2024. Strategy’s Bitcoin portfolio, valued at over $70 billion, remains the largest in corporate history and has inspired over 50 similar enterprises [3]. The company is currently accumulating Bitcoin at a slower pace compared to earlier in the year, with average monthly purchase sizes dropping from a peak of 14,000 BTC in March 2025 to just 1,200 BTC in August 2025 [4].

According to analysts, this trend in Bitcoin adoption has contributed to a $1.3 trillion increase in Bitcoin’s market cap over the past 20 months. Businesses are purchasing approximately 1,755 Bitcoin daily, equivalent to $195.2 million in value. If this investment flow continues, Bitcoin could potentially surpass $125,000 in the near term, according to market projections [3]. However, the growing number of publicly traded companies holding Bitcoin has also led to increased scrutiny of the sector. New York Digital Investment Group (NYDIG) warned that premiums for digital asset treasury firms are narrowing, citing factors such as investor profit-taking, share issuance growth, and a lack of strategic differentiation [4]. NYDIG recommended that companies like Strategy consider stock buybacks to stabilize share prices, especially if they trade below their net asset value.

As the sector continues to evolve, the future of Bitcoin Treasury Companies will depend on their ability to maintain investor confidence and adapt to market conditions. While Strategy has demonstrated resilience and strategic flexibility in its Bitcoin accumulation model, the broader market environment suggests that upcoming challenges—such as potential supply unlocks and regulatory developments—could further shape the trajectory of corporate Bitcoin holdings [4].

Source:

[1] title1 (https://www.coindesk.com/business/2025/09/05/michael-saylor-s-strategy-snubbed-by-s-and-p-500-amid-robinhood-s-surprise-inclusion)

[2] title2 (https://finance.yahoo.com/news/benchmark-maintains-buy-strategy-mstr-140845253.html)

[3] title3 (https://finance.yahoo.com/news/businesses-buy-1-755-bitcoin-145042398.html)

[4] title4 (https://cointelegraph.com/news/crypto-treasuries-bumpy-ride-premium-nav-narrow-nydig)