The post Matthew Sigel Predicts Block Could Join S&P 500, Not MicroStrategy appeared first on Coinpedia Fintech News
Matthew Sigel, head of digital assets research at prominent investment firm VanEck, in a latest X post has shared that Block (formerly Square) could become the First Bitcoin Hodler in the S&P 500.
$SQ May Become the First Bitcoin Hodler in the S&P 500
In order for a stock to be added into the index, six main criteria must be met, including 1) market cap>$18B, 2) public float >10%, 3) the most recent quarter’s earnings should be positive & the sum of the previous four… pic.twitter.com/YycYUuLOw8
— matthew sigel, recovering CFA (@matthew_sigel) January 9, 2025
The Requirements
He noted that in order to be added into the index, a stock must meet six criteria: 1) market cap over $18B, 2) the portion of shares held by public investors should be above 10%, 3) positive earnings in the most recent quarter and the sum of the previous fou
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