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Bitcoin Powerhouse Charges Toward S&P 500 as Profits Explode – The Crypto Tipping Point?
Bitcoin Powerhouse Charges Toward S&P 500 as Profits Explode – The Crypto Tipping Point?
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Wall Street's old guard can't ignore this anymore.
Bitcoin's institutional darling – once dismissed as a fringe asset – is now bulldozing its way toward S&P 500 inclusion. Net income numbers don't lie, and these figures scream 'mainstream adoption.'
The ultimate irony? Traditional finance might soon need crypto more than crypto needs them.
Strategy Stock Performance Since April 2020 (Source: Strategy)
So far, Strategy has acquired 597,325 BTC, valued at over $63.9 billion, with an unrealized gain exceeding $21 billion.
Interestingly, news of a potential inclusion in the S&P Index did not help boost market sentiment, with Strategy shares down 6% in early trading on July 1 to $379.20 as of press time.
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