Strategy Inc. Excluded from S&P 500: Bitcoin Holdings Cause Financial Disruption

Strategic Inc.’s exclusion from the S&P 500 in September 2025 due to its significant Bitcoin holdings has sparked a debate between traditional finance and the cryptocurrency space. While meeting all formal requirements, the company was deemed ineligible by the index committee due to concerns about Bitcoin accounting practices. This decision significantly impacted Strategy Inc.’s stock value, with a 2% decline and potential loss of billions from index funds and ETFs. The exclusion highlights skepticism from Wall Street towards Bitcoin-centric companies.