Block Inc., co-founded by Jack Dorsey, will be added to the S&P 500, which may lead to increased institutional interest in Bitcoin.
Block Inc.'s Inclusion in S&P 500
Block Inc. will join the S&P 500 effective July 23, 2025, replacing Hess Corp. This event highlights the growing intersection between traditional finance and cryptocurrency markets.
Dorsey's Role in the Company
The company was co-founded by Jack Dorsey and Jim McKelvey. Dorsey, known for integrating Bitcoin services, oversees operations including Cash App and Bitkey.
Market Expectations and Institutional Interests
The inclusion in S&P 500 will lead to mandatory buying from funds tracking the index, which could increase Block's stock price by 10%. Analysts reference historical events, such as Tesla's Bitcoin treasury addition, as examples of potential shifts in institutional investments.
Block's inclusion in the S&P 500 is anticipated to be a step towards broader acceptance of cryptocurrencies in traditional finance, potentially boosting investor interest and changing financial landscapes.
