Could Block Become the First Bitcoin-Holding Company on S&P 500?

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Could Block Become the First Bitcoin-Holding Company on S&P 500?
BLOCK,S&P 500,BITCOIN

Block (formerly Square), a prominent Bitcoin holder, might be the first to join the S&P 500 stock market index. While Block has met the financial criteria for inclusion, the final decision rests with the Index Committee. The company's history of Bitcoin investments and CEO Jack Dorsey's support for the cryptocurrency make this a significant development.

that Block could be the first Bitcoin holder to make an appearance on the flagship S&P 500 stock market index. There are several criteria that stocks have to fulfill in order to be eligible for inclusion. First of all, the market cap of such a company should be above the $18 billion mark. Second, the portion of shares held by public investors should be above 10%.

That said, MSTR is highly unlikely to become part of the S&P 500 anytime soon despite its impressive run in 2024. that the S&P 500 inclusion committee might block the addition of the stock even if it ends up qualifying. Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.

 

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