Strategy’s record profits in the second quarter of this year make it the flagship of Bitcoin corporate cash holdings. This success could open the doors to the S&P 500 stock index.
Strategy’s successes attract the attention of US stock market players
Strategy (formerly MicroStrategy) has been the undisputed leader in corporate Bitcoin treasuries for years. It must be said that its appetite for BTC seems to know no bounds, with a provisional stock currently set at 632,457 BTC (approximately $69.5 billion).
A recently revised purchasing policy, despite Michael Saylor’s promises, with a new share issuance strategy that is beginning to unsettle some shareholders. This raises the risk of permanent inflation on its MSTR stock, which is in a state of constant dilution.
However, this situation did not prevent Strategy from posting record results for the second quarter of this year, with $14 billion in operating profit and $10 billion in net profit. The result: diluted earnings per share of $32.60. This success has been greatly enhanced by the adoption of a new fair value accounting standard since January 2025, which allows the company to recognize unrealized gains on its Bitcoin holdings. This equation seems to be attracting the attention of US stock market players.
MSTR stock included in the S&P 500?
According to Strategy’s forecasts, its operating results for 2025 should reach $34 billion, on the express condition that the price of Bitcoin reaches $150,000 by the end of the year.
This enthusiasm is likely to attract the attention of Standard & Poor’s, the financial rating agency responsible for the S&P 500 stock market index, which lists the 500 largest US companies traded on the stock market.
S&P 500 price
The conditions for joining this VIP club include consistent profitability, a market capitalization of over $8.2 billion, daily trading volumes of over 250,000 shares, and positive earnings for both the last quarter and the last 12 months.
Strategy meets all of these requirements. This is why the next selection period—with official announcements expected on September 5—will be decisive for Michael Saylor’s company.
At the same time, its inclusion could represent a new success for Bitcoin in traditional financial markets.
