The analyst who co-wrote this piece owns shares of MicroStrategy (MSTR).
MicroStrategy’s (MSTR) addition to the Nasdaq-100 index is a big deal, but its potential inclusion in the U.S’s S&P 500 index could be an even bigger opportunity in the medium-term, broker Benchmark said in a report Monday.
The index provider announced on Friday that MicroStrategy would be added to the Nasdaq-100 on December 23.
The company founded by Michael Saylor easily meets S&P 500 inclusion criteria in terms of market cap and trading volume, but currently does not meet two other requirements, the report said.
The company needs to report positive earnings for the most recent quarter and “total positive earnings for the sum of its trailing four consecutive quarters,” analyst Mark Palmer wrote.
Still, MicroStrategy has said that it plans to adopt new Financial Accounting Standards Board (FASB) guidance for the accounting treatment of bitcoin held on its balance…
