Strategy Poised for June Inclusion in S&P 500, Driving Significant Index Fund Indirect Bitcoin Exposure

On February 16th, as per the report by CoinDesk, if Bitcoin closes the first quarter at or above $96,000, Strategy (formerly MicroStrategy) might complete the S&P 500 index inclusion process by June 20th. Currently, Strategy merely needs to attain a "positive GAAP net income over the past 12 months" to fulfill all the admission requirements. To achieve this aim, the profit in the first quarter of 2025 needs to be adequate to offset the losses in the preceding three quarters. Analyst Richard Hass pointed out: Supposing Strategy's holdings remain unchanged, Bitcoin needs to close above $96,337 in the first quarter to meet the requirement of a positive net income over the past 12 months. "Given a net loss of $671 million in the fourth quarter of 2024, MSTR needs to generate a profit of $1.13 billion in the first quarter of 2025 to make the net profit for the past four quarters positive. Based on the current holdings of 478,740 BTC, Bitcoin needs to reach $96,337 by March 31st." On December 14th of the previous year, MicroStrategy (MSTR) was included in the Nasdaq 100 index. Benchmark analyst Mark Palmer stated, "If the Bitcoin price remains robust and MSTR continues to accumulate, the inclusion of MSTR in the S&P 500 is achievable. Although being included in the Nasdaq 100 is significant, the S&P 500 is the ultimate goal, as all S&P 500 index funds will hold MSTR stocks, indirectly exposing investors to Bitcoin."