JPMorgan Chase: S&P 500 snub MicroStrategy is a warning to Bitcoin Treasury companies

Despite meeting technical requirements, MicroStrategy is still denied to be included in the S&P 500 index, 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 MicroStrategy, 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. .