TechFlow news, September 5 — According to Bloomberg, Strategy, founded by Michael Saylor, recorded a paper profit of $14 billion from Bitcoin in the last quarter, theoretically meeting the profitability criteria for inclusion in the S&P 500 index and potentially qualifying for entry into the index.
The report stated that if included, passive funds tracking the index would be required to buy approximately 50 million shares, equivalent to about $16 billion at current prices, resulting in institutional passive holdings of around $70 billion of its Bitcoin reserves.
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