Bitcoin News Today: MicroStrategy fails to be selected into the S&P 500 index, pushing its bet on Bitcoin
Source: CoinWorld
Time: 2025-09-08 22:53:15
MicroStrategy has added another $217.4 million worth of Bitcoin, cementing its position as a holder of large enterprises, and currently holds more than $3.2 billion in Bitcoin. The acquisition was sold at about $110,757 per Bitcoin, in line with CEO Michael Saylor's strategy to use Bitcoin as a means of store of value. Despite strong financial performance, micro-strategy companies were left out of the S&P 500 and joined Robinhood, causing their shares to fall nearly 3%. The company remains committed to increasing its holdings of Bitcoin amid growing institutional investors and market volatility.