Core Viewpoint - Investors holding S&P 500 index components may soon indirectly hold Bitcoin due to Strategy's potential inclusion in the index [1][2] Group 1: Company Qualifications - Strategy has crossed the final hurdle to qualify for inclusion in the S&P 500 index, having met the 12-month continuous profitability requirement [1] - The company is expected to report a profit of $14 billion for Q2, with a net profit of $11 billion over the past 12 months, following changes in accounting rules that allow fair value reporting of digital assets [1] Group 2: Market Implications - If included, Strategy would become the second crypto-related company in the S&P 500 this year, following Coinbase's inclusion in May [2] - The inclusion of Strategy in the S&P 500 would mean that all major index funds would hold Strategy stock, further legitimizing Bitcoin in mainstream finance [2] Group 3: Selection Process - The S&P 500 Index Committee has complete discretion in the selection process, which may be contentious and widely debated [1] - Factors considered by the committee include index balance, economic representation, and stability, with some analysts questioning whether Strategy's Bitcoin accumulation model may hinder its inclusion [2]