Benchmark: MSTR's inclusion in the Nasdaq 100 could pave the way for its inclusion in the S&P 500

Brokerage firm Benchmark said in a report on Monday that MicroStrategy (MSTR)'s inclusion in the Nasdaq-100 index is a big deal, but in the medium term, it may be a bigger opportunity if it can be included in the US S&P 500 index (SP 500) in the future. Earlier news, MicroStrategy will be included in the Nasdaq 100 index on December 23. The report said that the company founded by Michael Saylor easily met the market value and trading volume requirements in the S&P 500 inclusion criteria, but currently does not meet the other two requirements. The company needs to report positive earnings in the most recent quarter, as well as "positive earnings for four consecutive quarters combined." But MicroStrategy has said it plans to adopt new Financial Accounting Standards Board guidelines for Bitcoin held on its balance sheet starting in the first quarter of 2025, which will "enable it to start reporting positive earnings immediately." MicroStrategy becomes the first bitcoin company to enter the Nasdaq-100 and will become the 40th largest company in the index with a weight of 0.47%, Bernstein said in a report on Monday. MicroStrategy's entry into the Nasdaq-100 is a major milestone for the stock as the fifth-largest ETF by assets under management, the Invesco QQQ Trust Series ETF, will include it in its index along with many other companies.