Golden Finance reported on December 22 that, according to Barrons, MicroStrategy Chairman Michael Saylor did not explicitly state whether the company could be included in the S&P 500 during a recent interview. However, he indicated that, given the optimistic outlook on Bitcoin, MicroStrategy could report billions of dollars in quarterly net income next year due to the increase in the value of its Bitcoin holdings. Changes in accounting rules coming into effect in 2025 may allow MicroStrategy to meet the profit requirements for inclusion in the S&P 500. It is reported that MicroStrategy's traditional software business (its main business before it began purchasing Bitcoin in large quantities in 2020) is relatively small, with a valuation of only about $1 billion. Furthermore, this business is operating at a loss according to GAAP (Generally Accepted Accounting Principles), making it difficult to meet the inclusion requirements for the S&P 500 index based solely on this. The upcoming accounting rules will adjust the company's Bitcoin holdings from the current undervaluation to fair market value and may lead to significant net income growth when Bitcoin prices rise. However, the S&P Global Index Committee decides on S&P 500 index members by invitation, reviewing profitability, market capitalization, and other factors.

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