Strategy (MSTR) is potentially on track to be included in the S&P 500 by June 20. The company meets all eligibility requirements except for achieving positive GAAP net income over the past 12 months. However, a new accounting rule that requires companies to recognize bitcoin holdings at fair value could help Strategy achieve the necessary earnings. To meet the requirement, bitcoin must close the first quarter above $96,337. If bitcoin prices remain strong and Strategy continues to accumulate tokens, S&P 500 inclusion is possible. This inclusion would validate Strategy's Bitcoin strategy and expose investors to Bitcoin indirectly.



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