MicroStrategy may enter the S&P 500 stock market index in terms of capitalization

MicroStrategy, the largest corporate holder of bitcoins, reported to shareholders about a significant increase in the company's capitalization in 2023 and readiness for inclusion in the S&P 500 index.

According to the financial report for the fourth quarter of 2023, MicroStrategy reached the 535th position in the ranking of the largest publicly listed companies in the United States. This was facilitated by an impressive 46% increase in the company's share prices. In particular, increased shareholder interest in MicroStrategy shares was fueled by the rapid growth in the market value of Bitcoin, the report notes.

The S&P 500 stock index tracks the US stock market among 500 large-cap companies. To be included in the ranking, a public company must have a market capitalization of at least $15.8 billion.. MicroStrategy, which trades on the NASDAQ under the ticker symbol MSTR, has reached a market capitalization of about $12.4 billion, with its assets now approaching $800 per share, according to Yahoo Finance..

According to financial analysts, MicroStrategy’s entry into the S&P 500 index of companies will be an extremely positive event for both the bitcoin and its derivatives market and the entire crypto sector. For example, it could cause a sharp surge in demand for digital assets, as well as encourage passive investors in the traditional stock market, who adhere to conservative tactics, to add a cryptocurrency component to their portfolios.

Earlier, analysts from the Arkham Intelligence platform announced the successful identification of 98% of crypto addresses associated with the American company MicroStrategy, and provided everyone with the opportunity to view the company’s balance and transaction history.