The post Will MicroStrategy Join the S&P 500 on June 30th? appeared first on Coinpedia Fintech News
MicroStrategy is just one step away from joining the prestigious S&P 500 index. The final requirement? Profitability.
Thanks to a recent accounting rule change, Bitcoin could be the catalyst that gets them there.
With 592,345 BTC on its balance sheet, valued at over $63.7 billion, MicroStrategy is on track to post one of its most profitable quarters—but only if Bitcoin stays above $95,240 by June 30.
What’s Holding MicroStrategy Back?
To qualify for the S&P 500, a company must meet these criteria:
Be based in the U.S.
Have a large market capitalization
Maintain adequate share float and trading volume
Post positive earnings over the past four quarters
MicroStrategy satisfies the first three. However, under previous accounting rules, it had to record unrealized Bitcoin losses—even without selling. These losses kept its earnings negative.
According to a post
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