MicroStrategy (now just “Strategy”), a huge Bitcoin holder, might be joining the S&P 500 index. This could be fantastic news for Bitcoin (BTC).
Strategy’s S&P 500 Entry: A Bitcoin Bull Market Catalyst?
Crypto analyst Lark Davis thinks Strategy could be added to the S&P 500 as early as this Friday. If this happens, it could bring billions of dollars into both Strategy and Bitcoin. Why? Because the S&P 500 is a major US stock market index, and inclusion means massive investment funds are obligated to buy shares of companies within it.
Strategy currently owns a whopping 632,457 BTC, worth around $69 billion at current prices. That’s over 3% of all Bitcoin in existence!
What is the S&P 500?
The S&P 500 tracks the performance of 500 of the biggest US companies. It’s a key indicator of the US economy’s health. To get in, companies need to meet certain criteria: be based in the US, have a good trading history, a market cap over $22.7 billion, and at least half their shares publicly traded. Another analyst, Josh Man, even claims Strategy is already in the S&P 500, just waiting for the official announcement.
Strategy’s Stellar Q2 Results
Despite a tough economic climate, Strategy had an amazing second quarter of 2025. They reported:
- $14 billion in operating income
- $10 billion in net income
- $114.5 million in total revenue
A big reason for this success? New accounting rules letting them count the unrealized gains from their Bitcoin holdings. Bitcoin hit a new all-time high of $124,128 on August 14th, boosting Strategy’s profits. Even with this success, Strategy’s stock (MSTR) is down about 15% recently, trading around $334.75.
The Big Picture
If Strategy joins the S&P 500, it would be only the third major crypto-related company in the index, alongside Coinbase and Block. This could be a massive vote of confidence for Bitcoin and the crypto industry as a whole. Currently, BTC is trading at around $108,651.