๐ฅ *UPDATE: Block Inc. (Jack Dorseyโs company) Joins the S&P 500!* ๐บ๐ธ๐
๐ Big milestone โ *Block (SQ)* officially enters the *S&P 500*, a key index of the top 500 U.S. public companies.
๐ฐ *They currently hold 8,584 BTC*, valued at *over1 Billion* โ showing strong commitment to Bitcoin as a treasury asset. ๐ง๐ก
*Why this matters*
โ Institutional validation โ joining the S&P means broader investor access
โ BTC exposure โ traditional index investors now get indirect Bitcoin exposure
โ Bullish signal โ shows crypto adoption isn't just growing, it's becoming *mainstream*
*Whatโs next?*
๐ With SQ in the S&P, expect more media attention, fund exposure, and crypto-positive sentiment.
๐ฆ May push other S&P firms to explore BTC or crypto strategies.
๐ก Bullish for long-term Bitcoin price and institutional acceptance.
๐ง Big win for crypto. Jackโs early BTC bet is aging well.