MicroStrategy Faces Dual Setbacks in Its Bitcoin Strategy

The ambitious Bitcoin acquisition strategy pursued by software firm MicroStrategy has encountered significant challenges this week. The company experienced two substantial setbacks that raise questions about its future approach to cryptocurrency investment and corporate financing.

In a surprising market development, MicroStrategy failed to secure inclusion in the prestigious S&P 500 index despite meeting all technical qualifications. Instead, trading platform Robinhood received the coveted position, celebrating its inclusion with a 7 percent stock price surge following the announcement.

This exclusion represents more than just a symbolic disappointment for MicroStrategy. The company missed out on substantial automatic purchases by passive index funds that would have amounted to billions of dollars in investment. Investors responded negatively to the news, Read more...