Michael Saylor: Accounting rules coming into effect next year could allow MicroStrategy to meet S&P 500 profit requirements
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Foresight News reported, according to Barrons, that MicroStrategy Chairman Michael Saylor recently did not explicitly state in an interview whether the company could be included in the S&P 500, but he said that given the optimistic view on Bitcoin, MicroStrategy may report billions of dollars in quarterly net income next year due to the growth in the value of its Bitcoin holdings, and the accounting rule changes that will take effect in 2025 may make MicroStrategy meet the profitability requirements to join the S&P 500.
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