JPMorgan says the S&P 500’s rejection of Strategy (ex-MicroStrategy) despite eligibility marks a setback for crypto treasury firms turning balance sheets into Bitcoin holdings. Analysts warn other index providers may also rethink exposure, signaling limits to the model as investors show fatigue.

JPMorgan says the S&P 500’s rejection of Strategy (ex-MicroStrategy) despite eligibility marks a setback for crypto treasury firms turning balance sheets into Bitcoin holdings. Analysts warn other index providers may also rethink exposure, signaling limits to the model as investors show fatigue.
The Block
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