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Michael Saylor's Strategy (MSTR) missed out connected being added to the S&P 500 scale connected Friday, contempt hopes of inclusion aft the institution posted 1 of the strongest quarters successful its past and met each criteria for joining the index.
The banal of the largest firm bitcoin (BTC) holder declined astir 3% aft marketplace hours, erasing each of Friday's gains. The inclusion would person been a important milestone for the institution and for the manufacture arsenic it would person exposed millions of mean investors and portfolio managers to the company, perchance acting arsenic a bullish catalyst.
In a astonishment determination connected Friday, the integer trading level Robinhood (HOOD), with increasing crypto ambitions, was included successful the S&P 500 index, driving the banal 7% higher aft the marketplace close. The changes volition spell into effect connected September 22.
Before Friday, lone 2 crypto-linked stocks were portion of the index: Crypto speech Coinbase (COIN) and Jack Dorsey's Block (XYZ). Robinhood volition present beryllium added to this coveted list.
Read more: Strategy Qualifies for S&P 500, Inclusion Decision Could Come connected Friday
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