🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
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📅 Ends at 16:00, Sep 17 (UTC)
The strategy's profitability level has met the S&P 500 inclusion criteria, and if included, it will bring $16 billion in Liquidity.
On September 5, according to Bloomberg, Strategy has theoretically met the profit conditions required for inclusion in the S&P 500 due to recording $14 billion in unrealized gains last quarter. If included, passive funds tracking the index would need to passively buy about 50 million shares, amounting to approximately $16 billion at current prices, which would lead to institutions passively holding about $70 billion in Bitcoin reserves. Although Strategy has been included in the Nasdaq 100 by the end of 2024, the S&P 500 has stricter requirements regarding Liquidity, market capitalization (no less than $22.7 billion), profit records, and industry balance, ultimately depending on the committee's judgment.