Strategy (Nasdaq: MSTR), the world’s largest Bitcoin treasury firm, could join the S&P 500 this Friday, triggering a potential influx of billions in boomer money into MSTR and Bitcoin. Led by Michael Saylor, Strategy holds 632,457 BTC worth $69 billion.

For Strategy to be included in the S&P 500, it must meet specific criteria, including being U.S.-based, having a market cap above $22.7 billion, and maintaining positive earnings in the latest quarter and over the last four quarters. The firm must also have significant trading history and public shares.

Wall Street veteran Josh Mandell believes Strategy is already in the S&P 500, pending an official announcement. MicroStrategy reported impressive earnings for Q2 2025, with $14 billion in operating income, $10 billion in net income, and $32.60 diluted earnings per share, boosted by new fair-value accounting standards.

If Strategy joins the S&P 500, it will be the third crypto-related company after Coinbase (COIN) and Block, Inc. (NYSE: XYZ). With its massive Bitcoin holdings, Strategy could attract trillions in passive investment flows, benefiting MSTR stock and Bitcoin indirectly.

Read more at Yahoo Finance: MicroStrategy could join the S&P 500 as early as Friday