Crypto backdoor slammed shut as S&P rejects Strategy’s index inclusion
JPMorgan says S&P Dow Jones Indices’ decision not to add Strategy (formerly MicroStrategy) to the S&P 500, despite it meeting size and eligibility requirements, is a significant signal about the risks of corporate crypto-treasury models. While not formally an investment fund, most of the company’s valuation comes from bitcoin holdings rather than its core IT … Read more