MicroStrategy Joining S&P 500 Could Result In Bitcoin 'Automatically Infiltrating Nearly Every Portfolio,' Says Analyst: 'Includes Your Traditional 401k'
Portfolio Pulse from Mehab Qureshi
MicroStrategy Inc (NASDAQ:MSTR), the largest corporate holder of Bitcoin, is on the path to potentially join the S&P 500 index. If included, this could significantly expose Bitcoin to a wide range of investment portfolios, including traditional 401k and pension funds. The company's market cap and profitability are approaching the eligibility criteria for the S&P 500, but inclusion is not guaranteed and depends on the U.S. Index Committee's approval. MicroStrategy's investment in Bitcoin has been profitable, with the company holding around 190,000 BTC.
February 16, 2024 | 11:00 am
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MicroStrategy's potential inclusion in the S&P 500 could significantly increase its exposure and attract more investors, potentially boosting its stock price.
Being part of the S&P 500 index would mean automatic inclusion in a wide range of investment portfolios, increasing demand for MSTR shares. The company's strong position in Bitcoin adds to its appeal, especially given the current profitability from its Bitcoin investment.
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