Analysis: If Bitcoin Q1 closes above $96337, Strategy is expected to be included in the S&P 500 index in the first half of the year

Odaily Planet Daily News: Strategy (MSTR) is expected to be included in the S&P 500 index before June 20th. At present, the company meets all eligibility requirements, except for one: achieving positive GAAP net income in the past 12 months (total of the last four quarters). To qualify, the company's earnings for the first quarter of 2025 must be high enough to offset the losses of the first three quarters. This goal can be achieved through the adoption of (now mandatory) Financial Accounting Standards Board (FASB) digital asset accounting rules. For this reason, Bitcoin needs to have a closing price in the first quarter that is higher than the company's average purchase price of $96337 over the past three months. A closing price below this level will force Strategy to record a loss, which may hinder its inclusion in the S&P 500 index. （CoinDesk）