Strategy, known for its Bitcoin accumulation approach, has officially met all criteria for potential inclusion in the S&P 500 index. A decision is expected in early September.
Record-Breaking Q2 Performance
In Q2 2025, Strategy reported one of its strongest results ever:
* $14 billion in operating profit * $10 billion in net income, corresponding to $32.6 per share (diluted EPS) * $114.5 million in revenue, up 2.7% year-over-year, with subscription revenue surging nearly 70%.
Management also raised its 2025 guidance: $34 billion in operating income, $24 billion in net income, and $80 per share EPS, assuming Bitcoin hits $150,000 by year-end.
Growth Driven by Bitcoin Accumulation
As of September 1, Strategy held 632,457 BTC on its balance sheet and posted a BTC yield of 25.4% year-to-date. New fair value accounting standards, introduced in January 2025, allowed the company to recognize unrealized gains from digital assets, a key driver of its sharp growth as Bitcoin traded above $100,000 in Q2.
Key Aspects of S&P 500 Inclusion
Strategy already meets all formal requirements for S&P 500 inclusion:
* Listing in the USA * Market capitalization well above $8.2 billion * Average daily trading volume over 250,000 shares * More than 50% of shares in free float * Positive financial results for the last quarter and trailing 12 months.
The earliest window for inclusion is the September rebalancing. An announcement is expected on September 5, with changes taking effect on September 19. If approved, Strategy would become the first Bitcoin-backed company in the S&P 500—a milestone for digital assets in traditional markets.
Thus, Strategy is preparing for potential inclusion in the S&P 500, which could open new opportunities for digital assets and confirm their growing significance in financial markets.
