Keynote
- The S&P 500 has recently opted not to include certain strategies in its index.
- Saylor emphasized that only formal acknowledgment is needed for his company to join the bloc.
- Instead of a strategy, the Robinhood market has been incorporated.
Michael Saylor, the chairman of the software firm Strategy Inc (NASDAQ: MSTR), shared his thoughts on the company’s unfavorable response regarding the S&P 500 membership.
Strategy Shifts Focus from S&P 500 to Bitcoin
Despite holding a significant amount of Bitcoin, his strategy did not earn a spot in the S&P 500 on September 5th.
Rather than being downcast, Saylor took pride in reporting that MSTR has outperformed the S&P 500 (SPY) due to its aggressive Bitcoin acquisition plan. He even shared a visual representation to highlight that MSTR outclasses Bitcoin itself.
I’m considering the current S&P…
According to the infographic, MSTR surged by 92%, while SPY saw only a 14% increase. Bitcoin also experienced a 55% annual growth relative to its usual return.
The announcement of the S&P 500 rejection led to a 2% decline in MSTR stock, but despite that, it closed at $335.87 on Friday, up 2.53% overall.
This minor setback hasn’t altered the company’s five-year Bitcoin acquisition approach. On September 2nd, a filing with the Securities and Exchange Commission (SEC) revealed the purchase of 4,048 Bitcoin for $449.3 million between August 26th and September 1st, 2025.
Funds generated from the sale of Class A common stock and other stock types were utilized for this Bitcoin acquisition.
In total, the company now holds 636,505 Bitcoin, valued at over $700.5 billion. Bitcoin’s current price sits at $110,784.93, reflecting a 1.39% drop over the past 24 hours.
Robinhood Joins S&P 500, Sparking Debate
Rather than a strategy, Robinhood Markets Inc. (NASDAQ: HOOD) is being added to the S&P 500, which has raised eyebrows. The platform allows users to invest in traditional stocks alongside crypto-related products. Both Strategy and Robinhood were both left out of the S&P 500 in August, resulting in declines for individual stocks.
Robinhood’s upcoming inclusion replacing Caesars Entertainment in the S&P 500 index on September 22nd, during routine rebalancing, took many market observers by surprise.
Robinhood is a notable player, having exceeded a $100 billion market cap in July. Yet, given the stronger performance and relevance of Strategy, some believe it would have been a more fitting choice.
This has left investors pondering the selection criteria for the S&P 500 index.
