MicroStrategy’s S&P 500 Snub Casts Shadow on Aggressive Bitcoin Strategy

MicroStrategy Inc. has delivered a significant disappointment to its shareholders. The prominent Bitcoin-focused corporation has been excluded from the S&P 500 index, a move that surprised many given its fulfillment of the necessary financial criteria. This setback coincides with the company’s latest substantial investment in cryptocurrency, raising questions about its strategic direction.

The investment community’s focus was drawn to two major announcements from MicroStrategy within a short timeframe. On September 5th, S&P Dow Jones Indices revealed its latest index additions, selecting Robinhood Markets and AppLovin for inclusion while bypassing MicroStrategy. This decision came despite the company’s robust second-quarter financial performance, which ostensibly met all requirements for admission.

Merely three days later, on September... Read more...