MicroStrategy's new FASB accounting rules will further boost its entry into the S&P 500

PANews reported on December 17 that according to The Block, MicroStrategy will officially join the Nasdaq 100 Index on December 23, 2024, becoming the first Bitcoin-related company to enter the index. This inclusion will bring about $2.1 billion in passive capital inflows to MicroStrategy and improve market liquidity. Analysts predict that after adopting the new FASB accounting standards in 2025, it may meet the standards through a one-time net income gain, further promoting its entry into the S&P 500 index. The company currently holds 439,000 bitcoins with a total value of more than $45 billion, and plans to continue to expand its bitcoin purchase plan.

It is reported that MicroStrategy currently meets the minimum market value and trading volume requirements of the S&P 500 Index, but has not yet met the requirements of cumulative positive returns in the most recent quarter and four consecutive quarters. Benchmark analyst Mark Palmer said that although joining the Nasdaq 100 Index is an important opportunity for MicroStrategy in the near term, its potential to enter the S&P 500 Index in the medium term will have a greater impact.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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