馃殌 Block Inc. might soon be the first company with a clear Bitcoin strategy to join the S&P 500, according to VanEck's Matthew Sigel. To make the cut, Block must meet six criteria, including a market cap over $18 billion and positive earnings. Sigel notes Block's strategic Bitcoin investment, unlike Tesla's casual hodling. With financial firms making up 14% of the S&P 500, there's room for more crypto-savvy players. Founded by Jack Dorsey, Block is a top Bitcoin holder. Keep an eye out for their Q4 2024 results on Feb. 20!
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