10x Research Says Strategy Has 70% Chance to Join S&P 500 by December

Strategy, formerly, MicroStrategy may soon join the S&P 500 index, according to crypto market firm 10X ￰0￱ particular, 10x Research says that the company has about a 70% chance of being added by ￰1￱ forecast comes ahead of Strategy’s third-quarter earnings release, expected to show a massive $3.8 billion gain from its Bitcoin holdings. Strategy’s Bitcoin-driven rise Strategy, which was once known mainly as a business intelligence software company, has pivoted and set its identity around ￰2￱ firm has steadily built its crypto reserves since 2020 using a mix of debt and equity offerings to fund ￰3￱ to 10X Research, this Bitcoin-focused approach could soon pay off. 10x Research says that Strategy has a shot at the S&P |) ￰4￱ agency said the company’s heavy Bitcoin exposure makes it open to price swings and liquidity shocks.

S&P also noted that Strategy’s debt and dividend obligations are in US dollars, while most of its assets are in ￰5￱ creates a currency mismatch that can worsen financial risk. Still, the rating came with a stable outlook and means that the S&P does not expect immediate trouble.