Strategy qualifies for S&P 500 listing after strong Q2 earnings, holding over 597,000 BTC valued at $69 billion.
MicroStrategy, rebranded as Strategy, could soon join the S&P 500 after meeting all the index’s requirements. The development is closely watched as analysts suggest the move may lead to large-scale investment in both the company and Bitcoin.
Strong Earnings Position Strategy for S&P 500 Consideration
Strategy reported robust results for the second quarter of 2025. The company disclosed $14 billion in operating income and $10 billion in net income during the period. Diluted earnings per share stood at $32.60, a figure supported by changes in accounting treatment.
The introduction of new fair-value accounting standards allowed Strategy to record unrealized gains on its Bitcoin holdings. This boosted reported profits and strengthened its balance sheet. Strategy’s revenue for the quarter reached $114.5 million, reflecting a 2.7% rise from the previous year.
The company’s profitability was also linked to Bitcoin’s trading value, which stayed above $100,000 through much of the quarter. Strategy currently holds over 597,000 Bitcoin, a total valued at more than $69 billion. The company has also reported a year-to-date Bitcoin yield of 19.7%.
Criteria for Index Entry and Upcoming Decision
To join the S&P 500, companies must meet requirements on market capitalization, profitability, liquidity, and share distribution. These include positive earnings over four quarters, trading history of 12 months, and an average monthly volume above 250,000 shares.
Strategy now meets each of these requirements. Its market capitalization has grown well beyond the minimum threshold of $22.7 billion. The company’s float also exceeds the 50% level required by the index committee.
The next rebalancing of the S&P 500 is scheduled for September 2025. According to reports, a final announcement on possible inclusion could arrive on September 5. If admitted, the stock would be added on September 19.
Investor Lark Davis noted in a social media post that Strategy could be added as early as this Friday. He said, “When it happens, billions in boomer money will start pouring into MSTR and Bitcoin.” This statement reflects expectations of strong fund inflows should the index inclusion proceed.
Michael Saylor's STRATEGY could join the S&P500 as early as this Friday.
When it happens, billions in boomer money will start pouring into $MSTR and Bitcoin.
Buckle up! pic.twitter.com/r8tXjGxML8
— Lark Davis (@TheCryptoLark) September 1, 2025
Broader Market Outlook and Bitcoin Exposure
Inclusion of Strategy would mark another milestone for cryptocurrency-related firms in U.S. equity markets. Coinbase and Block have previously entered the index, but Strategy would be the first company defined by large Bitcoin holdings. This could broaden investor access to Bitcoin exposure through traditional equity investment channels.
Institutional funds tracking the S&P 500 are required to purchase shares of companies admitted to the index. This process often brings increased liquidity and higher trading volumes. In Strategy’s case, the link between its balance sheet and Bitcoin holdings may result in indirect flows into Bitcoin markets as well.
The company has updated its full-year guidance, projecting a stronger position if Bitcoin continues to climb toward $150,000. Its financial results remain closely tied to the performance of digital assets under the new accounting framework. The outcome of the S&P 500 decision may therefore influence both equity and cryptocurrency markets in the weeks ahead.
