Michael Saylor's company, Strategy, was officially denied inclusion in the S&P 500 index despite meeting all quantitative criteria.
Rejection from S&P 500
On September 5, 2025, the S&P 500 committee declined to include Strategy in favor of Robinhood. Although Strategy met all quantitative criteria, the decision reflected a cautious attitude towards Bitcoin-centric companies.
Strategy's Stock Performance
Following the announcement, shares of Strategy dropped by 2%. The potential inclusion could have triggered a $16 billion purchase by index-tracking funds, which will not materialize now.
Future of Bitcoin-Focused Models
Despite the rejection, Strategy remains focused on accumulating and holding Bitcoin. Michael Saylor emphasized his commitment to a Bitcoin-centric treasury strategy, highlighting ongoing caution in traditional financial indexes regarding exposure to crypto.
The rejection of Strategy's S&P 500 inclusion underscores the ongoing caution among traditional financial institutions towards Bitcoin-oriented models, leaving the future of crypto-focused companies uncertain.
