S&P 500 Snub Deals Significant Blow to Strategy Inc.

In a surprising market development, trading platform Robinhood (HOOD) has been selected for inclusion in the S&P 500 index over cryptocurrency-focused Strategy Inc. (MSTR). The decision represents a significant setback for Strategy, which had met all the technical requirements for index inclusion, and triggered immediate after-hours share price movements.

Market participants expressed widespread surprise at the committee’s announcement, which saw Robinhood shares advance by 7% while Strategy equity declined approximately 3%, completely erasing the day’s earlier gains. The rejection comes despite Strategy’s impressive second-quarter 2025 financial performance, which included a record $10 billion profit and a market capitalization exceeding $97 billion?far above the index’s minimum $22.7 billion threshold.

Although Strategy satisfied all formal financial criteria, including GAAP-based profitability requirements, the Read more...