Michael Sailor’s strategy can be the following encryption company to join the S&P 500 stock market, a standard for the largest 500 American public companies according to the market value, according to analysts. The company still has to clarify obstacles before accepting them.
Market analyst Jeff Walton expect a 91 % opportunity that the strategy will join the index With the company moving towards meeting all the requirements that will be included in the index.
According to NASDAC data, the strategy has trading volumes for several million shares per day, which is the market value of more than 92 billion dollars at the time of writing this report and positive principles of accounting accounting in general (GAAP) net income over the past four with more than 5.3 billion dollars.
The strategy is listed on Nasdak 100It is an indicator that tracks the 100 largest companies according to the market value on the NASDAQ, which focuses on technology.
However, although the company meets all the requirements that are already included in the main stock market index, it may still be rejected if the committee in charge of evaluating the companies ’bases against adding them after taking a” comprehensive “view of the potential candidate.
The United States Indexing Committee still gets the final statement
According to For S&P global methodology, companies must have a market value of at least $ 22.7 billion, and the percentage of liquidity is 0.75 or more – annual trading volume divided into the maximum company market – and trading volume is not less than 250,000 shares per month to be eligible.
The total company’s total income, which is calculated through GAAP criteria during the past four quarters, must be positive, as the last quarter is profitable for the inclusion in the index.
The American Index Committee is responsible for adding new companies to the index, and it has 10 members of the voting committee, each with equal voting rights. The decisions taken by the committee are made using a simple majority vote.
The strategy, which is the largest bitcoin currency in the world (BTCThe treasury company by Holdings, currently owns 636,505 BTC in the corporate cabinet, according to BitcointreasuriesWhile more than a million BTC is held combined by the companies circulating for the public.
According to a a report From Bloomberg on Thursday, the potential challenges of the pass by the committee will include sustaining the coded treasury model for strategy and high fluctuation of shares. Strategic prices swing for 30 days 96 %, for example.
Archeology on the encryption market and challenges
The weighted stock market index is the most likely 500 companies according to the market value listed in the American stock market and is balanced on a quarterly basis to reflect the changes in the installation of the index.
The companies contained in the S&P 500 are attracted negative flows to the encryption markets, which helps to increase prices over time, while increasing digital assets and old financial markets.
Related to: Robinhood, strategy shares decline because they miss the S&P 500 inserts
Coinbase has become the first encryption company Listed in the S&P 500 indexLanding on the standard in May.
Block, a technology company founded by Jack Dorsi, was I collided with the index In July, it has a market for more than $ 46 billion until the time of writing this report.
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