Haciyev Reşit 
Famous Bitcoin advocate and co-founder of Strategy, Michael Saylor, strongly reacted to the decision not to include his company in the S&P 500 index. On Friday, September 5, the official decision prevented Strategy from joining the world’s largest stock index.
Comparing MSTR, SPY, and Bitcoin Performance
Following the decision, Saylor shared an infographic on his official X account highlighting Strategy’s performance:
- MSTR shares increased by 92%.
- S&P 500 (SPY) lagged behind with a 14% gain.
- Bitcoin grew by 55% during the same period.
Saylor emphasized:
“The only thing needed for Strategy to be included in the S&P 500 is formal recognition; performance-wise, we’ve already outperformed SPY.”
S&P 500 Rejection
The decision announced on September 5 rejected Strategy’s inclusion in the S&P 500. Despite the negative outcome, other companies added to the index, such as Robinhood—which offers crypto-related products—drew attention, sparking discussions within the crypto ecosystem.
MSTR Shares React with a Dip
Following the announcement, MSTR shares dropped by 2%. However, Strategy’s official statement reaffirmed its commitment to its Bitcoin strategy:
“The course will not change. Strategy will continue its Bitcoin standard strategy.”
The Strength of the Bitcoin Strategy
Strategy has become the largest institutional company to adopt Bitcoin as a treasury asset in recent years. With over 200,000 BTC in its holdings, it stands as one of the biggest institutional players in the crypto market.
Michael Saylor’s reaction to the S&P 500 rejection highlights not only the company’s performance but also the growing distinction between traditional finance and crypto-based strategies.
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