MSTR Stock Dips But Expert Hints at Strategy’s Entry to S&P 500

MSTR stock closed the previous session in red, losing more than 4% amid a heavy selloff in the crypto market.

Notably, Strategy often mirrors BTC’s movements. As Bitcoin price fell to as low as $117k, the share price also moved south.

However, it has recorded a slight recovery today in the pre-market session despite BTC continuing in the negative territory.

It seems that the recovery comes amid optimism over Strategy’s, previously MicroStrategy, potential entry into the S&P 500 list.

The S&P 500 is the index that comprises the top 500 companies listed on the US stock market.

In a recent X post, leading asset management firm Strive, co-founded by pro-crypto entrepreneur and politician Vivek Ramaswamy, said that MicroStrategy is poised to enter the S&P 500 list.

It revealed key reasons to back its claims on Strategy and its entry into the leading US stock index.

So, let’s take a quick tour of the recent performance of the MSTR stock price.

MSTR Stock Slips Amid Crypto Market Selloff

The MSTR stock price fell to as low as $365 in the previous session. It closed with a dip of 4.3% to $372.94.

The dip comes as the Bitcoin price fell from its new all-time high of $124,457 to as low as $117,254.

The selloff in the digital assets space came in due to the hotter-than-expected US PPI inflation data, which has weighed on traders’ sentiment.

It has dampened hopes over a potential dovish stance by the US Fed in the coming days, triggering a selloff across financial markets.

However, Strategy stock has made a slight comeback in the pre-market trading session today, adding around 0.24% to $373.85.

Despite that, it has lost more than 7% in the weekly chart and around 17% over the last 30 days.

On the other hand, the year-to-date (YTD) chart shows a bullish picture, giving a return of around 29%.

Meanwhile, it appears that MSTR stock price has more room for growth. Market pundits are extremely bullish on the future potential of Bitcoin price.

As MicroStrategy’s share price often mirrors BTC’s trajectory, it seems that MSTR is poised for a massive surge ahead.

In addition, Strive has made a bold forecast recently, predicting that Michael Saylor’s firm will secure a spot on the S&P 500 list.

It also highlighted Strategy’s recent inclusion in the US tech-heavy index, the NASDAQ 100, reflecting the company’s growing dominance in the market.

Can MicroStrategy Enter the S&P 500 List?

In a recent X post, leading asset manager Strive said that MicroStrategy is poised to enter the prestigious S&P 500 index.

It has highlighted the recent earnings of Strategy, saying that it has met the index’s requirement.

In addition, the market cap of over $100 billion also indicates the possibility of the firm entering the index.

It noted that this would mark a major milestone for both Michael Saylor’s firm and Bitcoin, which might further integrate digital assets into American financial life.

He noted that this would lead to mass adoption of BTC, making it “too big to fail,” and it would trigger the “Uberization” of Bitcoin.

The “Uberization” of Bitcoin is a term introduced by CFTC Acting Chair Caroline Pham, meaning digital assets’ seamless integration into mainstream finance.