MicroStrategy Is on the S&P 500 Threshold – But Can It Happen?
Q2 earnings and a huge BTC stash make MicroStrategy a strong candidate for the S&P 500, but traditional finance remains a hurdle.
MicroStrategy just posted one of its strongest quarters in history, with impressive revenue and profit, while continuing to solidify its position as the world’s largest Bitcoin holder. Some analysts say the company is now eligible to join the S&P 500 index, which compiles the 500 most valuable and influential companies in the United States.
If this comes to fruition, the stock market could see tens of billions of dollars in automatic buying from ETFs and index funds tracking the S&P 500.
MicroStrategy – Record Profits and the S&P 500 Opportunity.
According to its Q2/2025 financial report, MicroStrategy announced:
Revenue exceeded $9.8 billion, a record high.
Unrealized gains of up to $15 billion from Bitcoin holdings.
These numbers not only help the company meet the S&P 500 profit standards, but also prove that Michael Saylor's "Digital Asset Treasury" strategy is working.
Melissa Tran, an expert at Evercore Securities, commented:
“MicroStrategy has become the poster child for integrating Bitcoin into corporate strategy. Given the size of its assets and profits, its inclusion in the S&P 500 is hard to ignore.”
If added to the index, ETFs and passive funds would be forced to buy about $15–17 billion of MicroStrategy shares, creating a strong boost without the company having to issue additional shares or sell BTC.
Nasdaq and the challenge from traditional finance.
However, the road to the S&P 500 has not been smooth.
This week, Nasdaq conducted a review of companies in the Digital Asset Treasury (DAT) group to assess accounting risks and transparency. The news caused MicroStrategy shares to fall in the short term, reflecting traditional finance’s skepticism of Bitcoin-centric businesses.
While the S&P committee operates independently, Nasdaq’s move could influence the final decision. Including a “Bitcoin giant” in the index could be seen as a risk by many traditional decision makers.
A historic turning point could be coming.
Despite the obstacles, MicroStrategy is still considered a serious candidate. The inclusion of Coinbase and Block (Square) in the S&P 500 is proof that the committee is willing to expand to Web3 companies if they have enough influence.
If successful, MicroStrategy would not only mark a personal milestone, but also open a new chapter in the relationship between Bitcoin and traditional finance.
Michael Saylor, who was heavily criticized for “betting all in on BTC,” could now prove that his bold strategy is the key to his company becoming a Fortune 500 company.
Conclusion
Joining the S&P 500 is not only a financial milestone, but also an affirmation that Bitcoin has become an integral part of the US economic system.
In the short term, there are many barriers from traditional institutions, but in the long term, the growth momentum and outstanding profits make it almost certain that MicroStrategy will reach the “500 club” – it is just a matter of time.