JPMorgan Chase: S&P 500 snubsidizes Strategy as a warning to corporate Bitcoin treasury companies

Odaily Planet Daily News MicroStrategy is still denied to be included in the S&P 500 despite meeting technical requirements, highlighting the index committee’s reluctance to include companies that act as Bitcoin funds. JPMorgan warned that the rejection could prompt other index providers to reconsider incorporating heavily-holding companies in Bitcoin. Analysts led by Nikolaos Panigirtzoglou believe that the discretionary decision of the S&P 500 Index Committee is not only a setback for Strategy, but also for a growing number of corporate crypto-funding agencies that emulate its strategy of accumulating Bitcoin using balance sheets, warning that the S&P 500 decision could mark the limit of the trend and could prompt other index providers to reconsider the inclusion of existing Bitcoin-weighted companies. (CoinDesk)