The strategy company, formerly known as MicroStrategy, ended yesterday on June 30th. This is an important quarter that positions itself as a candidate for the S&P 500, the index that groups the 500 most representative companies in the US economy.
The strategy is a market capitalization of $112.9 billion. It ranks 93rd among the largest companies in the US.surpasses Lockheed Martin, a company focused on oil company Conoco Phillips, a company focused on military industry.
Bitcoin’s performance, which shut down the second quarter to $107,750, is driving the company’s financial estimates. Analyst Jeff Walton predicts earnings per share (EPS, an indicator of net income divided by the number of shares in circulation) at $39.5 for this period.
Furthermore, the strategy Report a positive profit of $110 millionIt is one of the key criteria for adhering to the positive profit requirements of the past four quarters and entering the S&P 500.
So, expectation arises as the strategy may be included in the index that may be completed from September. However, as the final decision falls under the S&P 500 Committee, Walton expects a heated debate due to the nature of the company’s Bitcoin Treasury.
“The next chapter starts today. Let us arrive in the third quarter!” said Walton, stressing that the strategy is the 14th largest public capital company to be traded publicly in the negotiation volume.
Analysts also noted that the moment marks the “day 1” of the S&P 500 classification after following the company’s progress over 334 days of negotiations.
As a result, expectations for entry into the index are already affecting the market. yesterday, MSTR stocks rose 5% to over $400the highest level since May 22nd.
The move reflects a trend in stocks valued when membership attracts greater demand for institutional investors who prioritize companies within the index. Additionally, S&P500 companies are included in investment funds, such as several ETFs, to replicate index yields.
Strategy as a company led by Michael Saylor Recognised in the Bitcoin Investment Strategy, with 597.325 BTCwill merge as the largest public company that owns this cryptocurrency. His last acquisition took place yesterday, June 30th, with 4,980 BTC added, bringing it closer to the 600,000 BTC mark.
To qualify for the S&P 500 Meets the minimum capitalization standard of $5.3 billionadequate liquidity with a base of public investors with at least 250,000 negotiated stocks every six months, American origins of more than 50% of assets and income, and at least half of the stock.
While the strategy still needs to formally present quarterly balances, the indicator suggests that it is a way to integrate into reference indexes, a step that allows for integration of relevance in financial markets.
