- S&P 500 entry requires four consecutive profitable quarters, $5.3 billion market cap, and robust U.S. asset presence.
- Committee decision remains the final hurdle, with Strategy’s Bitcoin treasury fueling expectations of possible index inclusion soon.
Strategy, a firm recognized for its sizable Bitcoin holdings, has reported a second consecutive quarter of net profits, placing it on the threshold for inclusion in the S&P 500 index. According to ETF analyst James Seyffart, Strategy could become eligible for the benchmark U.S. stock index after the close of the year, provided it maintains positive results in the final quarter of 2025.
Looks like Strategy/ $MSTR will be eligible for S&P 500 index inclusion in December 👀 https://t.co/YMyZGLsrLS
— James Seyffart (@JSeyff) September 30, 2025
The company reported estimated net income of $2.9 billion for the third quarter, with quarterly earnings per share at $10. Over the last four quarters, total earnings per share reached $22.80.
These figures reflect the influence of Bitcoin’s price appreciation on Strategy’s business, since digital assets make up the majority of the firm’s treasury. ETHNews analysts note that the company’s growing profitability has drawn attention from market participants, particularly as the S&P 500 committee reviews candidates for index inclusion each quarter.
Strict Requirements for S&P 500 Entry
Entry into the S&P 500 requires companies to meet rigorous standards, including four consecutive quarters of positive net income, a minimum market capitalization of $5.3 billion, adequate liquidity, and trading volume benchmarks. In addition, at least half of assets, revenue, and shares must be U.S.-based and publicly held.
Meeting all requirements, however, does not guarantee selection. The S&P Dow Jones Indices committee has final authority, ensuring only stable, representative companies join the index.
Strategy currently holds 640,031 Bitcoin, making it the largest public company with such exposure. Its inclusion in the S&P 500 would not only reflect its operational performance but could further integrate Bitcoin into mainstream financial markets, marking a new stage for digital asset acceptance in traditional finance.
