Block Company’s Technology Company’s Jack Dormyy joined the Standard & Poor’s 500 (S&P 500) on Wednesday, which represents the third public company with Bitco Holdings to join the global standard.
Block 8,584 Bitcoin holds (BTC) With a value of about $ 1 billion, According to To bitcointreasuries.net. This hideout makes banning the largest number of companies in BTC.
The shares of the company on the New York Stock Exchange have jumped by 14 % over the past five days since the company Declare It will join the S&P 500.
The S&P 500 is tracked from the largest American companies listed in the public sector. Among other indexing companies exposed to BTC are Tesla and Coinbase.
To be included in the S&P 500The company must have a market value of more than $ 18 billion, and a general float (part of the shares of the company available for trading) exceeding 10 %, and the last quarter profits must be positive.
The S&P 500 impurities lead to more BTC exposure
The S&P 500 has a value of $ 50 trillion of market value from the end of the first quarter of 2025. By purchasing in a trading box for exchange or any other tool that tracks the S&P 500, investors are gaining exposure to a wide range of industries, including, now, encryption.
On Wednesday’s publication, only books“The institutional entrance enhances the financial vision of BTC. It is expected that the BTC more conservative entities will be considered as the origin of the Disable Ministry.”
Block replaces Hess Corp, an American energy company that leaks after its merging of $ 55 billion with energy Chevron.
Related to: The strategy launches bitcoin stocks tied at a price of $ 100 to increase the cabinet
Coinbase, Tesla stock offers
The other two companies with large Bitcoin’s possessions that fell in the S&P 500 are Coinbase and Tesla. Coinbase 9,267 BTC has a value of about $ 1.1 billion at publication time. Tesla has 11,509 BTC at a value of $ 1.4 billion.
Coinbase’s share price increased by 28.4 % during the past month, According to To Google Finance. This is a sharp increase in the total encryption market, which has jumped 23 % in the past thirty days, according to Coingecko.
Tesla share price He fell 4.6 % last month, although it may be associated with the encryption market and more to its basics and processes.
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