Now running business as a strategy, MicroStrategy (MSTR) has qualified for potential inclusion on the S&P 500 after posting one of the strongest quarters in its history.
In the second quarter of 2025, the company reported operating profit of $14 billion and net profit of $10 billion. Quarterly revenue was $114.5 million, up 2.7% year-on-year, with subscription services rising nearly 70%.
The results show a dramatic shift from the past few years in impairment costs linked to Bitcoin BTC$109,817.91 Revenue reported declined. With the adoption of the new fair value accounting standards in January 2025, the strategy was able to recognize unrealized benefits of digital asset holdings and directly improve profitability. Bitcoin transactions booked large paper profits that changed balance sheets, exceeding $100,000 over the period.
As of June 30th, the strategy had held 597,325 Bitcoins. The company highlighted a BTC yield of 19.7% per year. This is an important performance indicator that measures the percentage change in the Bitcoin count and the expected diluted stock ratio.
Management raised full-year guidance for 2025 to $34 billion in operating profit, $24 billion in net profit and $80 in diluted EPS.
Currently, consistent profitability is established, so the strategy meets all S&P 500 requirements. US list, market capitalization well above the $8.2 billion threshold, daily trading volumes of over 250,000 shares, public floats above 50% and positive revenues on both the latest quarter and subsequent 12-month basis.
The next potential window for inclusion is the September 2025 rebalance, with the announcement expected on September 5th and expected to change on September 19th.
If recognized, it will be the first Bitcoin Trading Company to join the Benchmark Index, representing a groundbreaking moment for integrating digital assets into US stocks.
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