JP Morgan Analysis: S&P 500 Exclusion Deals a Blow to Cryptocurrency Treasury Companies

JP Morgan analysts released an analysis this week, reported by The Block among others, on the decision to not include Strategy (formerly MicroStrategy) in the S&P 500. Despite meeting the technical criteria, the committee's discretionary decision prevented inclusion. This decision serves as a warning to the entire group of companies adopting cryptocurrency treasury strategies. The S&P 500 Index Committee has shown caution in adding companies that have converted their balance sheets to hold Bitcoin. In the background, during last week's rebalance, the committee opted for Robinhood over Strategy...