According to COINOTAG News, a recent report from CoinDesk indicates that Bitcoin is poised for pivotal movement during Q1. If Bitcoin maintains a closing price above $96,000, MicroStrategy (now referred to as Strategy) may position itself for inclusion in the S&P 500 by June 20th. At this stage, the company needs only to demonstrate positive GAAP net income over the past twelve months to satisfy all entry requirements. Analysts highlight that a profitable Q1 2025 would be essential to offset the substantial losses incurred in previous quarters.
Expert analyst Richard Hass notes that following a net loss of $671 million in Q4 2024, Strategy will need to generate a profit of approximately $1.13 billion in Q1 2025 to achieve a positive net profit for the year. Given their current holdings of 478,740 BTC, Bitcoin’s price must reach at least $96,337 by March 31st.
MicroStrategy’s recent inclusion in the Nasdaq 100 Index on December 14 of last year highlights its progress. Mark Palmer, a benchmark analyst, emphasizes the significance of maintaining Bitcoin’s strength for continuing accumulation, suggesting that S&P 500 inclusion is highly attainable. Despite the milestone of joining the Nasdaq, the S&P 500 represents a more substantial opportunity as it would increase indirect exposure to Bitcoin for all S&P 500 index fund investors.