JPMorgan: S&P 500's Indifference to MicroStrategy is a Warning for Bitcoin Treasury Companies

ChainCatcher news, despite meeting the technical requirements, MicroStrategy was still denied inclusion in the S&P 500 index, highlighting the index committee's reluctance to include companies that act as Bitcoin funds. JPMorgan warned that this rejection could prompt other index providers to reconsider the inclusion of companies heavily invested in Bitcoin.

Analysts led by Nikolaos Panigirtzoglou believe that the discretionary decision of the S&P 500 index committee is not only a setback for MicroStrategy but also for an increasing number of corporate crypto asset management institutions that emulate its strategy of accumulating Bitcoin on their balance sheets. They also warned that the S&P 500 index's decision could mark the limits of this trend and may prompt other index providers to reconsider the inclusion of existing Bitcoin-weighted companies.