First Bitcoin Holder Might Enter S&P 500, And It's Not MicroStrategy

CoinMarketCap03:34

Cover image via U.Today Matthew Sigel, head of digital assets research at prominent investment firm VanEck, believes that Block (formerly Square) could be the first Bitcoin holder to make an ...

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First of all, the market cap of such a company should be above the $18 billion mark. Second, the portion of shares held by public investors should be above 10%. Third, the company is supposed to be profitable in the last quarter while also having the previous four quarters in the green in terms of GAAP earnings.\"Block achieved the last criteria  after 1Q24 earnings. However, S&P 500 inclusion is not strictly formulaic but is determined at the discretion of the Index Committee,\" he said.As reported by U.Today, MicroStrategy , the leading corporate Bitcoin holder, was recently added to the tech-heavy Nasdaq-100 index.As reported by U.Today, Bitwise predicted that Coinbase would be included in th","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","BK4559":"巴菲特持仓",".SPX":"S&P 500 Index","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","OEX":"标普100","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","BK4550":"红杉资本持仓","SSO":"两倍做多标普500ETF","BK4588":"碎股","IE00BHPRN162.USD":"BNY MELLON BLOCKCHAIN INNOVATION \"B\" (USD) ACC","SPXU":"三倍做空标普500ETF","BK4503":"景林资产持仓","VOO":"Vanguard标普500ETF","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","BK4551":"寇图资本持仓","MSTR":"MicroStrategy","UPRO":"三倍做多标普500ETF","BK4581":"高盛持仓","BK4596":"哈里斯概念","SPY":"标普500ETF","BK4504":"桥水持仓","SDS":"两倍做空标普500ETF","BK4600":"加密货币概念","BK4595":"比特币概念","BK4601":"加密货币现货ETF","BK4516":"特朗普概念","BK4528":"SaaS概念","BK4023":"应用软件","BK4106":"数据处理与外包服务","IVV":"标普500指数ETF","BK4554":"元宇宙及AR概念","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","OEF":"标普100指数ETF-iShares","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4594":"比特币ETF概念","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","SH":"标普500反向ETF","BK4227":"交易和支付处理服务"},"translate_title":"第一位比特币持有者可能进入标普500，但这不是MicroStrategy","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VOO":1,".SPX":1,"MSTR":1,"SPY":1,"IVV":0.6,"UPRO":0.6,"ESmain":0.6,"SSO":0.6,"OEF":0.6,"OEX":0.6,"SDS":0.6,"SH":0.6,"SPXU":0.6},"content_text":"Cover image via U.Today\n\n\nMatthew Sigel, head of digital assets research at prominent investment firm VanEck, believes that Block (formerly Square) could be the first Bitcoin holder to make an appearance on the flagship S&P 500 stock market index.\nThere are several criteria that stocks have to fulfill in order to be eligible for inclusion. First of all, the market cap of such a company should be above the $18 billion mark. Second, the portion of shares held by public investors should be above 10%. Third, the company is supposed to be profitable in the last quarter while also having the previous four quarters in the green in terms of GAAP earnings.\nSome additional requirements include having high liquidity and being domiciled in the U.S.\n\"Block achieved the last criteria (earnings) after 1Q24 earnings. However, S&P 500 inclusion is not strictly formulaic but is determined at the discretion of the Index Committee,\" he said.\nBlock initially bought $50 million of Bitcoin in October 2020 before purchasing another $170 million in February 2021.\nCEO Jack Dorsey, who is also known as the former head of Twitter (now X), is known as a longtime proponent of Bitcoin.\nOther crypto contenders\nAs reported by U.Today, MicroStrategy (MSTR), the leading corporate Bitcoin holder, was recently added to the tech-heavy Nasdaq-100 index.\nThat said, MSTR is highly unlikely to become part of the S&P 500 anytime soon despite its impressive run in 2024.\nEric Balchunas, Bloomberg's senior ETF analyst, recentlyopined that the S&P 500 inclusion committee might block the addition of the stock even if it ends up qualifying.\nAs reported by U.Today, Bitwise predicted that Coinbase would be included in the S&P 500 this year. However, Sigel admits that such a pick would be more controversial for the committee compared to Block Inc, given that Coinbase is a crypto-native company. Read original article on U.Today","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.0","shortVersion":"4.30.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2502029251"}