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

According to ChainCatcher, Strategy was rejected in the S&P 500 despite meeting technical requirements, highlighting the index committee's reluctance to include companies that act as Bitcoin funds, according to CoinDesk. 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.