Aug 17, 12:16 PM

Investment firm Strive, which manages about $2.2 billion, said it expects Michael Saylor’s company, Strategy, to be added to the S&P 500 as early as next month. Inclusion in the large-capitalization benchmark would channel passive index inflows into a stock that is closely tied to Bitcoin price movements. Saylor, a long-time Bitcoin advocate, signaled further accumulation of the cryptocurrency, posting a chart he typically shares ahead of purchases and quipping that there is "insufficient orange." Market chatter ranges from a rumoured $1 billion buy to an observed single-day purchase of roughly $54 million in Bitcoin, though no official figures have been confirmed.
Written with ChatGPT .
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