A company might satisfy the eligibility criteria in terms of metrics, yet still be denied entry to the index due to a committee decision. Here’s what crypto companies must do to qualify.
Michael Saylor’s Strategy could be the next crypto company to join the S&P 500 stock market index, a benchmark of the 500 biggest US public companies by market capitalization, according to analysts. The company must still clear hurdles before being admitted, however.
Market analyst Jeff Walton forecast a 91% chance that Strategy would join the index as the company moves toward meeting all the requirements to be included in the benchmark.
According to data from Nasdaq, Strategy has trading volumes of several million shares per day, a market capitalization of over $92 billion at the time of writing and positive generally accepted accounting principles (GAAP) net income over the last four quarters of over $5.3 billion.
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