Michael Saylor, the prominent <a href="https://www.cryptoknowmics.com/news/analyst-dismisses-flippening-of-bitcoin-by-xrp-and-eth/" target="_blank" rel="noopener">Bitcoin</a> advocate and founder of Strategy, has responded to the news of his company's exclusion from the S&amp;P 500 index. Following reports that the company's stock, MSTR, would not be included in the index, Saylor took to social media to highlight Strategy's superior performance compared to the S&amp;P 500 (SPY). He tweeted data that illustrated the company's remarkable growth since it adopted a Bitcoin-centric strategy.
<h2>The Bitcoin Standard Era</h2>
In a striking infographic, Saylor <a href="https://twitter.com/saylor/status/1964219505694892123" target="_blank" rel="nofollow noopener">showcased</a> the performance of MSTR, SPY, and Bitcoin itself over a specific period. The data revealed that during what Saylor refers to as the <b>"Bitcoin Standard Era Return,"</b> MSTR experienced a stunning 92% annualized surge. This growth significantly outperformed both the S&amp;P 500, which saw a 14% increase, and Bitcoin, which had an impressive 55% annualized growth. This data serves as a compelling argument that Strategy's success does not require formal recognition from traditional financial indexes.
<h2>The Commitment Continues</h2>
The news of the S&amp;P 500 rejection saw a minor dip in MSTR stock, which fell by 2%. However, the company's official social media account reaffirmed its commitment to its core strategy, tweeting, <b>"Strategy remains committed to our Bitcoin-centric path."</b> This statement underscores the company's belief in its business model and its dedication to accumulating Bitcoin, regardless of its status within legacy financial indexes. Interestingly, the Robinhood platform, another company with ties to the crypto industry, was included in the S&amp;P 500, marking a notable development in the space.

Michael Saylor Responds to S&P 500 Rejection with Data

Michael Saylor responds to his company, Strategy, being denied a spot in the S&P 500, highlighting MSTR's superior performance with data.

Michael Saylor Responds to S&P 500 Rejection with Data

Top Picks