Strategy’s place as the biggest company holder of Bitcoin is again beneath the highlight following the newest crypto market correction. Despite renewed skepticism concerning the sturdiness of its treasury-driven mannequin, the corporate continues to face scrutiny. The evaluation signifies that it stays on target for potential inclusion within the S&P 500 index.
Matrixport Says Possibility Of Strategy S&P Inclusion Still Exists
In a report shared on X, the analysis agency Matrixport acknowledged that the potential for Michael Saylor’s firm being included within the S&P 500 index by December stays. This comes regardless of the corporate’s latest woes with the MSTR inventory crashing alongside Bitcoin.
As CoinGape reported, following the Strategy’s recent stock crash, the mNAV is now beneath 1, with the inventory’s market cap beneath the overall worth of its Bitcoin holdings. Veteran dealer Peter Brandt had additionally warned that BTC might drop beneath $50,000, which might put the corporate’s BTC portfolio underwater.
However, regardless of all this, the potential for Strategy becoming a member of the S&P 500 by December stays. It is price mentioning that the corporate had missed out on a list in September, shedding a possible spot to crypto alternate Robinhood, AppLovin, and Emcor.
Bloomberg analyst James Seyffart had additionally beforehand confirmed that the corporate was more likely to be eligible for inclusion within the S&P 500 by December. This adopted revelations that the corporate had recorded optimistic earnings for the second quarter in a row as a result of its Bitcoin holdings. However, Seyffart opined that there’s lower than a 50% probability that Strategy will acquire S&P 500 inclusion.
Looks like Strategy/ $MSTR might be eligible for S&P 500 index inclusion in December 👀 https://t.co/YMyZGLsrLS
— James Seyffart (@JSeyff) September 30, 2025
Bitcoin Liquidation Unlikely A Near-Term Risk
Despite considerations that Strategy might should liquidate its Bitcoin holdings to service its money owed if BTC money persists, Matrixport stated it doesn’t view this as a near-term threat. There have been already rumors that the corporate was promoting its BTC, which Saylor denied; as a substitute, the corporate made a $836 million BTC purchase final week.
Matrixport acknowledged that the actual strain is on buyers who purchased the MSTR stock at an inflated web asset worth and at the moment are feeling the affect of NAV compression. The firm had notably raised most of its capital when the inventory was buying and selling close to the all-time excessive (ATH) of $474 and its NAV was at its peak.
However, the NAV has since compressed with MSTR falling from a 2025 excessive of round $455 to beneath $200 in the mean time. The inventory has now misplaced its year-to-date (YTD) features and is down over 37% this 12 months.
Despite the present market situations, Saylor described Strategy’s approach as “indestructible,” asserting that they will take an 80% to 90% decline and proceed working with out disruption. The firm is designed to outlive via excessive drawdowns with out interrupting operations, he added.
