MicroStrategy Excluded from S&P 500 Index Rebalancing

• Lyla Velez
• September 6, 2025
• Business
• 0 Comments

MicroStrategy, recently rebranded as Strategy, has been excluded from the S&P 500 during the index’s September 2025 rebalancing. The index committee chose to include AppLovin, Robinhood, and Emcor Group, citing concerns over asset volatility and sector balance.

Despite meeting all financial criteria, Strategy’s exclusion reflects the committee’s discretion considering the company’s strong association with Bitcoin and perceived market volatility. MSTR’s absence from the index results in a significant financial impact for the company and Bitcoin market sentiment.

Michael Saylor, Strategy’s Founder, expressed a succinct response on X: “Thinking about the S&P right now…”. This underscores his leadership amid their significant Bitcoin inclusion since 2020. Strategy remains a dominant corporate BTC holder, thus intertwining its fate with cryptocurrency markets.

MSTR stock experienced a nearly 2% drop following the news. The anticipated institutional demand could have driven up to $16 billion in inflows, enhancing its liquidity and Bitcoin market demand. Robinhood, AppLovin, and Emcor Group witnessed gains following their inclusion.

Historically, S&P’s discretionary decisions have frequently been cautious towards firms engaged with crypto assets. Bitcoin, the central asset related to Strategy’s treasury, faced indirect impacts on its institutional narrative, despite no immediate price collapse.

“The event is pivotal for institutional perception of Bitcoin, and underscores persistent barriers to mainstream index inclusion for crypto-centric public firms.” Michael Saylor

These rebalancing outcomes hint at the ongoing tension between crypto-integrated companies and traditional financial sector parameters. Strategic corporate moves might soon evolve independently as market dynamics adjust to fluctuating asset acceptance patterns.

The crypto investment landscape continues to change with such decisions, posing challenges for corporate entities like Strategy. Broader market reactions emphasize the delicate balance between regulatory guidelines and burgeoning crypto asset integration.