Robinhood and Strategy Excluded from S&P 500 Index

Robinhood Markets and Strategy shares fell in after-hours trading on August 26, after their exclusion from the S&P 500 index in a market rebalance.

The exclusion negatively impacts passive fund demand, crucial for stock stability, and reflects market sentiment on the performance of BTC-linked firms.

Examining Market Impact and Future Strategies

Robinhood, despite a market cap over 90 billion dollars, did not meet index inclusion requirements, leading to a 0.5% after-hours drop to $107.40. Strategy, impacted by Bitcoin’s decreasing value, saw a further decline.

Noted figures like Michael Saylor remained silent on the matter amidst community disappointment. The market has reacted with volatility, reminiscent of past index exclusion scenarios.

Strategy has acquired 3,081 BTC for ~$356.9 million at ~$115,829 per bitcoin and has achieved BTC Yield of 25.4% YTD 2025. As of 8/24/2025, we hodl 632,457 $BTC acquired for ~$46.50 billion at ~$73,527 per bitcoin. – Michael Saylor, Executive Chairman, Strategy

Market Data and Analyst Insights

Did you know? Firms excluded from the S&P 500 often face significant changes in investor sentiment and market dynamics.

As of August 26, 2025, Bitcoin (BTC) is priced at 110,359.15 dollars, boasting a market cap over 2.19 trillion dollars. Recent declines include a 4.43% drop over the week amidst trading volumes nearing 83.60 billion dollars, as per CoinMarketCap.

Analysts from the Coincu research team suggest that firms excluded from the S&P 500 tend to experience initial volatility, with Robinhood and Strategy now facing significantly altered investor dynamics. The path forward may involve recalibrating strategies amidst shifting index criteria.