S&P 500 Rejection Impacts Michael Saylor as Strategy Fails Yet Again

Institutional Bitcoin giant, Strategy (formerly MicroStrategy), has faced another setback in its bid for inclusion within the S&P 500. The US-based news platform Morningstar reports that Strategy was once again rejected by the S&P Dow Jones Indices Committee. Reasons cited include high Bitcoin volatility and a lack of consecutive profitability during the required quarters.