Strategy Inc Rejected from S&P 500, But Bitcoin Holdings Propel MSTR to 92% Gains

Andrew Chen
microstrategy-bitcoin

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  • MSTR outperformed the S&P 500 by 92% YTD due to aggressive Bitcoin acquisitions.
  • Robinhood replaced Caesars in S&P 500, sparking debate over selection criteria.
  • Strategy Inc continues Bitcoin accumulation, holding 636,505 BTC worth $70.5B.

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Michael Saylor’s Strategy Inc (NASDAQ: MSTR) faced disappointment after its request to join the S&P 500 was denied on September 5, 2025. Despite holding one of the largest Bitcoin treasuries globally, the company remains confident that formal recognition is the only barrier to inclusion in the prestigious index.

Bitcoin-Fueled Performance Outpaces S&P 500

Rather than reacting negatively to the S&P 500 rejection, Saylor highlighted MSTR’s impressive market performance. Infographics shared on social media reveal that MSTR shares have surged 92% year-to-date, vastly outperforming the S&P 500’s 14% increase. The company’s “Bitcoin Standard Era Return” also shows a remarkable 55% annualized growth in Bitcoin value.

This robust performance underscores Strategy’s long-term strategy of aggressive Bitcoin accumulation. Most recently, the company acquired 4,048 BTC worth $449.3 million between August 26 and September 1, funded through at-the-market sales of various stock classes, including MSTR, STRK, STRF, and STRD. Total holdings now stand at 636,505 BTC, currently valued at over $70.5 billion, despite a 1.39% dip in Bitcoin price over the last 24 hours.

Robinhood Joins S&P 500 Amid Controversy

In a move that surprised many, Robinhood Markets Inc. (NASDAQ: HOOD) was selected over Strategy Inc for the S&P 500, replacing Caesars Entertainment in the upcoming quarterly rebalancing on September 22. Robinhood, known for offering retail access to both stocks and crypto, triggered debate over the selection criteria for the index, as many argue that Strategy’s financial performance and industry influence might have made it a stronger candidate.

The decision has sparked investor discussion about whether traditional metrics or market visibility weigh more heavily in S&P 500 inclusions.

Also Read: MicroStrategy Expands Bitcoin War Chest with $2.8B STRC Stock Offering

Staying the Course

Despite the S&P 500 snub, Strategy remains steadfast in its Bitcoin-first approach. The company’s continued acquisitions and strong market performance signal confidence in long-term growth, positioning MSTR as a standout in both the cryptocurrency and traditional financial markets.

For investors focused on Bitcoin exposure, Strategy Inc’s unwavering strategy offers a compelling story of resilience and growth beyond the boundaries of conventional index inclusion.

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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses

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