Bloomberg "Strategy emerges as a target for inclusion in the S&P 500"

JOON HYOUNG LEE

Summary

Bloomberg News reported that Strategy met the eligibility for index inclusion under current S&P 500 rules.
It reported that Strategy was already included on the list of 26 S&P regular rebalancing candidates selected by Stephens.
It said the S&P Dow Jones Indices committee will soon announce the results of the regular rebalancing.

There is speculation that Strategy, which holds the most bitcoin (BTC) among publicly listed companies worldwide, could be included in the U.S. S&P 500 index.

Bloomberg News reported on the 4th (local time) that "Strategy has, in theory, secured profitability that meets the current (S&P 500) rules for index inclusion." Bloomberg News said, "The S&P Dow Jones Indices committee judges liquidity, profitability, trading history as well as sector balance," and "Strategy met or exceeded all criteria."

Strategy was already included on the list of 26 candidates for the S&P regular rebalancing recently selected by U.S. financial services firm Stephens. Bloomberg News said, "(The S&P) committee's recent inclusion of Coinbase, the largest cryptocurrency exchange in the U.S., in the index is a sign that the influence of the cryptocurrency industry is growing."

Meanwhile, the S&P Dow Jones Indices committee plans to announce the results of the S&P regular rebalancing on the 5th. The changed constituents will be applied to the S&P 500 index from the 19th of this month.

BTC