MicroStrategy Set to Join S&P 500 as Early as Friday, Triggering Billions in Investor Money

MicroStrategy, the world's largest Bitcoin treasury firm, could join the S&P 500 index as early as Friday, according to investor Lark Davis. The move would trigger billions in "boomer money" to flow into MSTR and Bitcoin. Strategy holds 632,457 BTC worth $69 billion on its balance sheet and has impressive earnings for Q2 2025, including $14 billion in operating income, $10 billion in net income, and $32.60 of diluted EPS.

MicroStrategy, the world's largest Bitcoin treasury firm, could join the S&P 500 index as early as this Friday, according to investor Lark Davis. The move would likely trigger billions in "boomer money" to flow into MSTR and Bitcoin. Strategy holds 632,457 BTC worth $69 billion on its balance sheet and has reported impressive earnings for Q2 2025, including $14 billion in operating income, $10 billion in net income, and $32.60 of diluted EPS.

The S&P 500 Index is a list of 500 of the largest public companies in the U.S. For a company to be included, it must meet several criteria, including being based in the U.S., having at least 12 months of trading history on a major U.S. exchange, holding a market cap above $22.7 billion, having at least 50% of shares publicly available, maintaining an average monthly trading volume of more than 250,000 shares for six months, and posting positive earnings in the latest quarter and across the last four quarters.

Strategy has met all these criteria. The company reported $14 billion in operating income and $10 billion in net income for Q2 2025, driven by new fair-value accounting standards that allowed it to recognize unrealized gains on its Bitcoin holdings. The adoption of these standards has significantly boosted Strategy's profitability and balance sheet.

If confirmed, Strategy's inclusion in the S&P 500 would be a landmark moment for digital assets in the U.S. equities market. It would be the third crypto-focused company to join the index, following Coinbase (COIN) and Block, Inc. (NYSE: XYZ). This move could also signal a broader acceptance of Bitcoin and other cryptocurrencies by mainstream investors.

The potential inclusion of Strategy in the S&P 500 comes with several implications. For investors, it could mean increased liquidity and exposure to Bitcoin. For Bitcoin itself, it could mean more institutional investment and potentially higher prices. However, it's important to note that the S&P 500 committee retains discretion in its decisions, and the inclusion of Strategy is not guaranteed.

In conclusion, MicroStrategy's potential inclusion in the S&P 500 is a significant development for the crypto market. While the final decision is still pending, the company has already met all the necessary requirements. The move could have substantial implications for both investors and Bitcoin itself.

References:

[1] https://finance.yahoo.com/news/microstrategy-could-join-p-500-185321013.html
[2] https://finance.yahoo.com/news/strategy-qualifies-p-500-inclusion-093743829.html
[3] https://coincentral.com/strategy-mstr-qualifies-for-sp-500-decision-expected-this-friday/
[4] https://www.ainvest.com/news/microstrategy-bitcoin-treasury-strategy-implications-risk-crypto-capital-markets-2025-2508/