MicroStrategy Removed From S&P 500, Impacting Bitcoin Exposure

MicroStrategy, now known as Strategy, was excluded from the S&P 500 index during the September rebalancing, a move that triggered a 2% stock price drop and potential financial losses. This decision underscores skepticism surrounding crypto assets within traditional financial indices, impacting both market perception and Bitcoin exposure. Despite meeting technical requirements, the company’s exclusion raises questions about its future standing in the industry.