Michael Saylor’s Bitcoin Strategy Gets Cold Shoulder from S&P 500 as Robinhood Scores Surprise Inclusion

Wall Street's establishment just delivered a brutal snub to corporate Bitcoin adoption—while embracing retail trading's controversial darling.

The S&P 500 Index Committee bypassed MicroStrategy's aggressive BTC accumulation strategy, despite the company holding over 100,000 bitcoins on its balance sheet. Meanwhile, Robinhood—fresh off regulatory scrutiny and meme-stock volatility—secured a coveted spot in the benchmark index.

Traditional finance's selective embrace continues baffling crypto advocates. They'll include a platform that gamifies trading for millennials but ignore a billion-dollar corporate treasury strategy that's actually using the asset as intended.

Another reminder: institutional adoption only counts when the institutions already have velvet ropes.