Analysis: If Bitcoin closes above $96,337 in Q1, the strategy is expected to be included in the S&P 500 index in the first half of the year

ChainCatcher news, according to CoinDesk, Strategy (MSTR) is expected to be included in the S&P 500 index by June 20.

Currently, the company meets all eligibility requirements, but there is one exception: achieving positive GAAP net income over the past 12 months (the most recent four quarters combined). To qualify, the company's earnings for the first quarter of 2025 must be high enough to offset the losses from the previous three quarters. This goal can be achieved by adopting the now-mandatory Financial Accounting Standards Board (FASB) digital asset accounting rules.

To this end, Bitcoin needs to have a closing price in the first quarter that is higher than the company's average purchase price of $96,337 during those three months. A closing price below this level would force Strategy to record a loss, which could hinder its inclusion in the S&P 500 index.