In a notable decision that has garnered significant attention from the financial community, Michael Saylor’s Bitcoin treasury company, MicroStrategy (MSTR), was recently excluded from the prestigious S&P 500 index. This move sparked a strong reaction from the renowned Bitcoin advocate, who promptly highlighted his company's exceptional market performance, particularly in contrast to the index it sought to join.
The S&P 500 Snub and Saylor's Response
On Friday, September 5, the S&P 500 index opted against including MicroStrategy, choosing instead to add Robinhood, a platform known for facilitating both traditional stock and cryptocurrency investments. Reacting to this decision, Saylor took to social media, sharing an infographic that vividly illustrated MSTR's superior market performance. The data underscored that MicroStrategy had not only significantly outpaced the S&P 500 (SPY) but had also remarkably outperformed Bitcoin itself during the "Bitcoin Standard Era Return."
MicroStrategy's Market Dominance
The infographic detailed MicroStrategy's impressive market surge, recording a 92% increase, while the S&P 500 lagged behind with a mere 14% gain. Even more strikingly, MSTR's performance eclipsed Bitcoin's annualized growth of 55% over the same period, showcasing the effectiveness of its unique corporate strategy centered around Bitcoin acquisition. Despite its stellar track record, MSTR's rejection from the index was met with an immediate 2% drop in its stock price.
Unwavering Commitment to Bitcoin Strategy
However, MicroStrategy's official channels quickly reaffirmed the company's steadfast resolve. They asserted that despite the S&P 500's decision, MicroStrategy remains fully committed to its Bitcoin-centric path. This firm stance indicates that the company will not be deterred from its strategy, continuing to leverage Bitcoin as a core component of its treasury and growth initiatives, irrespective of index inclusions.
