When will MicroStrategy join the S&P 500? (Hint: not anytime soon)

Core Insights - MicroStrategy, now known as Strategy, was not included in the S&P 500 index during the recent rebalance on September 5, despite expectations from analysts [1][2] - The decision was attributed to the company's presence in an already overweight sector, as noted by Eric Balchunas, a senior ETF analyst [2] - The crypto community reacted humorously to the news, with memes circulating online [3] Company Performance - Co-founder and executive chairman Michael Saylor highlighted that MicroStrategy generated better returns than Bitcoin and the SPDR S&P 500 ETF (SPY) [4] - The firm announced the acquisition of 1,955 BTC between September 2-7, bringing its total holdings to 638,460 BTC, valued at approximately $71.7 billion at the time [4] Future Prospects - There is a possibility for MicroStrategy to be added to the S&P 500 index in December if it continues to meet the necessary qualifications [5] - Balchunas emphasized that the final decision rests with a committee, indicating that multiple factors influence the selection process [5]