According to an interview with Barron’s, MicroStrategy chairman Michael Saylor did not explicitly confirm whether his company would be added to the S&P 500 index. Nevertheless, he suggested that due to their positive outlook on Bitcoin, they could potentially generate billions of dollars in quarterly net income next year as the value of their Bitcoin holdings continues to grow. This potential increase in revenue comes amidst anticipated accounting rule changes scheduled for implementation in 2025, which would revise how the value of their Bitcoin assets is calculated under U.S. generally accepted accounting principles (GAAP). Such revisions could significantly boost MicroStrategy’s overall financial performance and possibly qualify them for consideration by the S&P Global Index Committee when evaluating candidates for inclusion into the prestigious index based on various financial metrics such as profitability and market capitalization.
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Source: m.theblockbeats.info
