According to Bijié Wǎng, despite meeting criteria such as market capitalization, liquidity, and profitability, MicroStrategy (MSTR) was once again excluded from the S&P 500 index by the committee, which selected SanDisk instead. MicroStrategy, the largest corporate holder of Bitcoin, has seen its stock price fall 34% in November, marking the fifth consecutive month of declines. Critics argue that its heavy Bitcoin holdings may be a barrier to inclusion, as the stock is increasingly seen as a leveraged Bitcoin proxy rather than a traditional software stock.
MicroStrategy Excluded from S&P 500 Index Despite Meeting Criteria
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