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.
To qualify for the S&P 500, a company must meet these criteria:
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 by Bitcoin advocate Alex on X, this was the main obstacle preventing S&P 500 inclusion.
A new accounting rule now allows companies to include fair-value gains from Bitcoin in quarterly earnings.
This means if Bitcoin remains above $95,240, MicroStrategy’s profits for Q2 could turn sharply positive—meeting the final S&P 500 requirement.
Analyst Jeff Walton points out that such a price level would erase previous losses and unlock S&P eligibility.
If MicroStrategy joins the S&P 500, every major index fund will be required to include MSTR in their holdings.
This creates indirect exposure to Bitcoin across the entire U.S. index ecosystem.
Alex notes this could bring a new level of mainstream legitimacy and adoption for Bitcoin.
MicroStrategy’s potential S&P 500 inclusion could:
As June 30 approaches, all eyes are on Bitcoin’s price. If it holds above the $95,240 threshold, MicroStrategy may finally enter the S&P 500, bringing Bitcoin with it.
MicroStrategy’s main obstacle was negative earnings due to previous accounting rules that required recording unrealized Bitcoin losses, even without selling.
If included, all major index funds will be required to hold MSTR, providing indirect exposure to Bitcoin across the U.S. index ecosystem and boosting Bitcoin’s mainstream legitimacy.
MicroStrategy’s inclusion could accelerate institutional interest in Bitcoin, increase demand for BTC-backed stocks, and further integrate Bitcoin into traditional finance.
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