MicroStrategy may be included in the S&P 500 index,#Coindeskreports.

BTC maximalist#MicroStrategycould earn inclusion in the S&P 500 if it adopts new accounting rules and reports “positive earnings per share” (reporting after market close on April 29).

MicroStrategy could increase profits by $3.1 billion if it decides to adopt the new standards. Broker#Benchmarkexplains that if a company is included in the S&P 500 index, it will increase its valuation because index funds will be forced to buy its shares.

New FASB rules allow companies to report financial statements based on the market value of their crypto assets. The rules come into force on January 1, 2025, but early implementation is allowed.

The consensus among analysts is that MicroStrategy will report a loss per share of $0.55 in the first quarter of 2024. Benchmark estimates that if the company chooses to adopt the new standard early, it could report earnings of more than 300,255,349,4342 per share (!) for the quarter.

Is a tighter correlation between#BTCand S&P 500 getting closer?