Overview

• If added to the index, passive funds tracking the S&P 500 would need to buy roughly 50 million shares, an estimated $16 billion at current prices.
• S&P 500 membership remains discretionary, with the Index Committee weighing liquidity, profitability, trading history and sector balance.
• Bloomberg data show 30‑day share-price swings near 96%, a volatility level that could concern the committee given the company’s Bitcoin-centric model.
• Research cited from Stephens ranks Strategy at the top of 26 potential entrants on liquidity-adjusted metrics, following its addition to the Nasdaq 100 last year.
• Reports indicate the company meets market-cap and float thresholds after a strategic pivot from software to a balance-sheet-led Bitcoin treasury under fair-value accounting.