{"id":487608,"date":"2025-07-01T18:30:18","date_gmt":"2025-07-01T17:30:18","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=487608"},"modified":"2025-07-02T00:31:12","modified_gmt":"2025-07-01T23:31:12","slug":"bitcoin-powerhouse-strategy-nears-sp-500-inclusion-as-net-income-soars","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/bitcoin-powerhouse-strategy-nears-sp-500-inclusion-as-net-income-soars\/","title":{"rendered":"Bitcoin powerhouse Strategy nears S&#038;P 500 inclusion as net income soars"},"content":{"rendered":"<p><a href=\"https:\/\/cryptoslate.com\/companies\/microstrategy\/\">Strategy (formerly MicroStrategy),<\/a> the largest public holder of <a href=\"https:\/\/cryptoslate.com\/coins\/bitcoin\/\">Bitcoin<\/a>, is again making headlines\u2014this time for potentially qualifying for inclusion in the prestigious S&P 500 index.<\/p>\n<p>On July 1, Jeff Walton, founder of MSTR True North, <a href=\"https:\/\/x.com\/PunterJeff\/status\/1939821475261030711\">revealed<\/a> that the company will likely report an $11 billion net income for the just-concluded second quarter of the year.<\/p>\n<p>Separately, Bloomberg <a href=\"https:\/\/finance.yahoo.com\/news\/michael-saylor-strategy-join-wall-110000812.html\">estimated<\/a> the figure could be even higher\u2014up to $14 billion in unrealized profit\u2014thanks to fair-value accounting standards applied to its Bitcoin holdings. This places the company in the same earnings bracket as tech giants like <a href=\"https:\/\/cryptoslate.com\/companies\/apple\/\">Apple<\/a> and Microsoft.<\/p>\n<p>Walton emphasized that this milestone clears the final hurdle for inclusion in the S&P 500, as it fulfills the profitability criterion based on a four-quarter cumulative positive income. However, the final decision rests with the S&P Index Committee, where debate is expected.<\/p>\n<p>The S&P 500 comprises 500 top-performing US public companies by market capitalization, collectively representing around 80% of the total market cap of US equities. Entry into this index requires meeting several standards, including US domicile, sufficient liquidity, and positive earnings over the last four quarters.<\/p>\n<p>Last year, Strategy was <a href=\"https:\/\/cryptoslate.com\/insights\/microstrategy-eyes-sp-500-after-146-share-rise-and-inclusion-in-msci-world-russell-1000\/\">added to several top stock indexes like the Nasdaq 100 and MSCI World Index.<\/a><\/p>\n<p>However, analysts like Bloomberg\u2019s <a href=\"https:\/\/cryptoslate.com\/people\/eric-balchunas\/\">Eric Balchunas<\/a> have long viewed an S&P 500 inclusion as the firm's \u201choly grail.\u201d Such a move would significantly validate the firm's\u00a0unconventional Bitcoin-centric approach and raise its stature in mainstream finance.<\/p>\n<p>The company\u2019s stock trades well above the net asset value of its Bitcoin holdings, mainly due to investor demand for indirect crypto exposure.<\/p>\n<p>This premium allows the firm to issue shares, raise capital, and <a href=\"https:\/\/cryptoslate.com\/strategy-edges-closer-to-600k-btc-as-major-players-intensify-bitcoin-buys\/\">acquire more Bitcoin<\/a>. Though this dilutes existing shareholders\u2019 equity, it increases the Bitcoin-per-share ratio, which helps boost the intrinsic value of each investor\u2019s stake.<\/p>\n<p>The strategy has also contributed to elevated share prices that have outperformed all those in the S&P 500 index since the firm adopted the Bitcoin standard in 2020.<\/p>\n<figure id=\"attachment_487623\" aria-describedby=\"caption-attachment-487623\" style=\"width: 1441px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-487623\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-01-172220.jpg\" alt=\"Strategy Stock Performance\" width=\"1441\" height=\"556\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-01-172220.jpg 1441w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-01-172220-300x116.jpg 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-01-172220-1024x395.jpg 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-01-172220-768x296.jpg 768w\" sizes=\"(max-width: 1441px) 100vw, 1441px\" \/><figcaption id=\"caption-attachment-487623\" class=\"wp-caption-text\">Strategy Stock Performance Since April 2020 (Source: Strategy)<\/figcaption><\/figure>\n<p>So far, Strategy has acquired 597,325 BTC, valued at over $63.9 billion, with an unrealized gain exceeding $21 billion.<\/p>\n<p>Interestingly, news of a potential inclusion in the S&P Index did not help boost market sentiment, with<span style=\"margin: 0px; padding: 0px;\"> Strategy shares down 6% in early trading on July 1 to $379.20 as of press time<\/span>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Strategy (formerly MicroStrategy), the largest public holder of Bitcoin, is again making headlines\u2014this time for potentially qualifying for inclusion in the prestigious S&#038;P 500 index. On July 1, Jeff Walton, founder of MSTR True North, revealed that the company will likely report an $11 billion net income for the just-concluded second quarter of the year. [&hellip;]<\/p>\n","protected":false},"author":720,"featured_media":487617,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[120,1,77968,79849,6849],"tags":[80041,77046],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin powerhouse Strategy nears S&amp;P 500 inclusion as net income soars<\/title>\n<meta name=\"description\" content=\"Strategy&#039;s (formerly MicroStrategy) Bitcoin-centric approach set for S&amp;P 500 validation amid $14 billion profit speculation\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/bitcoin-powerhouse-strategy-nears-sp-500-inclusion-as-net-income-soars\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin powerhouse Strategy nears S&amp;P 500 inclusion as net income soars\" \/>\n<meta property=\"og:description\" content=\"Strategy&#039;s (formerly MicroStrategy) Bitcoin-centric approach set for S&amp;P 500 validation amid $14 billion profit speculation\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/bitcoin-powerhouse-strategy-nears-sp-500-inclusion-as-net-income-soars\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-01T17:30:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-01T23:31:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/07\/mstr-sp500.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/bitcoin-powerhouse-strategy-nears-sp-500-inclusion-as-net-income-soars\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/bitcoin-powerhouse-strategy-nears-sp-500-inclusion-as-net-income-soars\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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