Strategy has officially met all requirements for potential inclusion in the prestigious S&P 500 index, which could make it the world’s first bitcoin company among its participants. A decision regarding the inclusion is expected to be announced soon – on September 5, and if approved, the changes will take effect on September 19.
This is reported by Business • Media
Financial Achievements and Bitcoin’s Impact on Metrics
Strategy has reported remarkably strong financial results for the second quarter of 2025. The company’s operating profit amounted to $14 billion, while its net profit reached $10 billion, corresponding to a diluted earnings per share (EPS) of $32.6. The company’s revenue increased to $114.5 million, which is 2.7% higher compared to the same period last year. Subscription revenue, in particular, surged by nearly 70%.
“Management has raised its forecast for 2025 to $34 billion in operating profit, $24 billion in net profit, and $80 EPS, assuming the bitcoin price will be $150,000 by the end of the year,” the report states.
As of September 1, Strategy holds 632,457 bitcoins, and the BTC Yield since the beginning of the year has reached 25.4% – this is the ratio of the number of bitcoins on the company’s balance sheet to the number of diluted shares. New fair value accounting standards, effective from January 2025, played a significant role in the growth of reported results. They allowed Strategy to recognize unrealized gains from digital assets, made possible by the high bitcoin price in the second quarter – over $100,000.
Compliance with Criteria and Prospects for Inclusion
Strategy meets all formal requirements for inclusion in the S&P 500: the company is listed in the U.S., its market capitalization significantly exceeds the required threshold of $8.2 billion, its average daily trading volume exceeds 250,000 shares, over 50% of its shares are publicly traded, and its financial results have been consistently positive both for the last quarter and the past 12 months.
The earliest possible inclusion of Strategy in the index may occur during the September rebalancing of the S&P 500. In the event of a positive decision, the company will become the world’s first bitcoin company in this index, which could mark a significant milestone in the integration of digital assets into the traditional U.S. stock market.
Previously, the first company from the cryptocurrency sector to enter the S&P 500 was the exchange Coinbase.