MicroStrategy’s market cap would need to rise another $3.7 billion and meet other eligibility criteria to have a chance of making it on the popular index.
MicroStrategy, the largest corporate holder of Bitcoin, is slowly creeping toward being eligible for inclusion on the S&P 500 index — a milestone that could see Bitcoin firms appearing on “nearly every portfolio.”
The Bitcoin (BTC)-focused firm would still need to meet strict eligibility criteria and secure a hefty market cap boost, however.
Data shows MicroStrategy moved up to 535th position among the largest publicly-listed companies in the United States on Feb. 15, following an eight-day trading span that saw its stock price rally 46%.
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Source: https://cointelegraph.com/news/microstrategy-listing-sp-500-index-exposes-millions-bitcoin