According to PANews, financial analyst Jeff Walton has indicated that Strategy, formerly known as MicroStrategy (MSTR), has a 91% chance of meeting the criteria for inclusion in the S&P 500 index in the second quarter. A crucial condition for this inclusion is that Bitcoin's price must remain above $95,240 by June 30. Currently, the company holds 592,345 Bitcoins.
Walton highlighted that the S&P 500 requires constituent companies to have cumulative profits over the past four quarters. Strategy has reported net losses for the past three consecutive quarters. However, if Bitcoin maintains its current level of $106,200, the company's Q2 earnings could offset previous losses. If successful, Strategy would become the first major Bitcoin-focused stock to be included in the index.
