MicroStrategy Misses S&P 500 Inclusion, Robinhood Joins Index

Michael Saylor’s company Strategy (MSTR), a leading Bitcoin treasury firm, was excluded from the S&P 500 index despite strong performance and meeting all criteria, with Saylor highlighting that Strategy’s annualized returns of 92% have outpaced both Bitcoin’s 55% and the S&P 500’s 14%. The exclusion disappointed the crypto community, especially as Robinhood, a cryptocurrency trading platform, was unexpectedly added to the S&P 500, joining Coinbase and Block as the only crypto-related companies in the index. Strategy’s stock showed volatility following the news, initially rising but then falling nearly 3% after hours, while Robinhood’s shares surged over 7% post-announcement. Strategy reassured investors that it will continue its Bitcoin accumulation strategy unaffected by the exclusion or recent Nasdaq regulatory changes. The S&P 500 additions, including Robinhood, AppLovin, and Emcor, will take effect on September 22, marking a significant moment for crypto-related firms gaining more mainstream recognition. Despite the setback, Strategy’s strong fundamentals and superior market performance remain a focal point for its supporters.