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      tldr; Strategy (formerly MicroStrategy), the largest public Bitcoin holder, is nearing potential inclusion in the S&P 500 index after reporting an estimated $11-$14 billion net income for Q2 2023, driven by fair-value accounting of its Bitcoin holdings. This milestone meets the profitability criteria for S&P 500 entry, pending the S&P Index Committee’s decision. The firm’s Bitcoin-centric strategy has boosted its stock performance, with 597,325 BTC acquired to date. However, its shares fell 6% despite the news of potential inclusion.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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