The cryptocurrency market continues to thrive, with Bitcoin-related stocks favored by investors.
Recently, Jeff Walton, one of the founders of the Investment Think Tank Club, shared the latest developments regarding Strategy (formerly MicroStrategy), indicating that the company may soon join the S&P 500 index.
This news has attracted wide attention in the market, especially ahead of the upcoming second-quarter financial report.
Walton revealed in a post on the X social platform that the S&P 500 index consists of the 500 largest companies by market capitalization in the United States. If Strategy is included in this index, it is expected to significantly boost its stock price.
Meanwhile, the market anticipates that Coinbase will join the S&P 500 index with a market capitalization of $67 billion, creating a favorable market atmosphere for Strategy's inclusion.
The main reason for this event is that Capital One Financial plans to acquire Discover Financial Services and delist it, which has created an opportunity for Coinbase to be included in a broader stock benchmark index.
Upon the news, Coinbase's stock price (ticker symbol: COIN) surged from below $200 to $266, closing the week at this price.
Walton further pointed out that if Strategy successfully joins the S&P 500 index, its performance in August is expected to replicate that of Coinbase.
At the same time, the innovative strategy proposed by the company's founder Michael Saylor (an MIT graduate) involves committing Bitcoin investment returns through fixed-income corporate bonds while retaining the right to convert notes into stock. This strategy has also achieved significant compounded annual investment returns.
These views have been effectively validated by market performance. According to Saylor's latest tweet on X, MSTR has won the title of 'Triple Crown of Finance' due to its Bitcoin-based strategy, further highlighting the company's success in the rapidly growing cryptocurrency market.
Meanwhile, as investors focus on the upcoming financial reports and the rising expectations of Strategy's potential inclusion in the S&P 500 index, this topic is generating sustained attention and discussion in the market.
Which Bitcoin stocks do you think are particularly worth watching? With Strategy and Coinbase joining the S&P 500 index, what impact will it have on the market?
