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Strategy Meets S&P 500 Criteria as Committee Weighs September Addition

A surge in GAAP profitability driven by fair-value accounting on its bitcoin holdings put the former MicroStrategy in contention.

Overview

  • Strategy now satisfies S&P 500 eligibility requirements, with a committee decision expected Friday, Sept. 5, for the September rebalance.
  • If approved, index changes would take effect Sept. 19, positioning the company as the first bitcoin‑treasury firm in the benchmark.
  • The company reported Q2 2025 revenue of $114.5 million, $14 billion in operating income, and $10 billion in net income.
  • As of June 30, Strategy disclosed 597,325 bitcoin on its balance sheet after adopting fair-value accounting in January 2025.
  • Analysts say inclusion could draw significant passive inflows, though the S&P Dow Jones Indices committee retains full discretion.