MicroStrategy has a 91% chance of joining the S&P 500 if Bitcoin holds above US$95,240 through the end of June, according to analyst Jeff Walton. Thanks to new accounting rules, the company can now report unrealised Bitcoin gains as earnings, dramatically boosting its financials. With a treasury of 592,345 BTC worth over US$63.5 billion, S&P inclusion would position MicroStrategy as a Bitcoin gateway for traditional investors — potentially unleashing a wave of institutional buying as index funds add the stock to their portfolios.

MicroStrategy’s potential S&P 500 inclusion marks a key milestone in mainstream acceptance of Bitcoin, signalling growing institutional confidence and easier access for traditional investors to Bitcoin exposure.