Key Takeaways
MSTR may eventually grace the S&P 500 Index in December, as analysts optimistically predict. However, Strategy downplays the impending gloom of Nasdaq’s restrictive policies on crypto firms.
Ah, the sweet sting of rejection! MicroStrategy, now modestly rebranded as Strategy (perhaps to remind us of their strategic missteps?), was snubbed by the oh-so-prestigious S&P 500 Index, causing a delightful 2.9% plunge in its stock price after hours on the 5th of September.
And guess who made the cut? Robinhood. Yes, you heard that right. Robinhood. A victory for them, a painful defeat for MSTR.
The market was so sure MSTR, the reigning Bitcoin treasury champion, would join the ranks of the S&P 500 that it practically had its victory champagne on ice. Alas, the bubble burst, and MSTR found itself languishing at a disappointing $326 after the announcement. Ah, the irony!
Will December Favor MSTR?
The S&P 500 Index, that elusive beast, has a set of mystical rules. Among them, one must possess massive liquidity and be profitable for the last four quarters. Oh, and let’s not forget the ‘secretive’ committee that ultimately decides who gets in.
“Why wasn’t $MSTR invited to the S&P 500 Index? Oh, right, because the ‘Committee’ said no.”
As whispers of doom circulate among the MSTR faithful, with many resigning themselves to the fact that December will be just another cold shoulder, a lone optimist emerges. James Van Straten, a CoinDesk analyst, remains unshaken, placing his bets on MSTR’s redemption come December.
“December it is for MSTR, just like Tesla. Mark my words.”
Inclusion would surely ignite a frenzy of institutional investor interest, and dare we say, even a few ETFs. But don’t hold your breath, the S&P 500 isn’t exactly known for its graciousness.
Meanwhile, Michael Saylor, the founder of Strategy, threw a cheeky jab at the index with a cryptic post on X (formerly Twitter), showcasing MSTR vs. S&P 500 returns. Subtle, Mike. Real subtle.
“Thinking about the S&P right now…”
And, of course, the numbers don’t lie: both MSTR and BTC have outperformed SPY in annualized returns. Ouch, S&P. Feeling that burn?
In another delightful twist of fate, the firm faced some turbulence with a recent Nasdaq proposal that might require crypto treasuries to seek shareholder approval before raising capital. But don’t worry, Strategy remains unperturbed, brushing off the concern with the usual confidence.
“Nasdaq’s new stance on digital asset treasury formations won’t affect Strategy, our ATMs, or other capital activities. We’re too cool for that.”
Let’s not forget the BTC holdings, which now stand at an impressive 636,505 BTC, after adding 4K recently. However, unlike the dramatic 21K BTC splurge in July, the buying spree has slowed considerably. Could it be that MSTR is cooling off? Just a little?
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2025-09-06 12:51