Among the publicly listed crypto companies, only Coinbase (Nasdaq: COIN) — the largest U.S. crypto exchange — and Block, Inc. (NYSE: XYZ) — Jack Dorsey's Bitcoin-focused fintech firm — have so far joined the S&P 500 list.
Now, popular traders such as Josh Mandell and Lark Davis are betting on Michael Saylor's MicroStrategy (Nasdaq: MSTR), formerly Strategy, to join the much sought-after list.
MicroStrategy stock jumps after Bitcoin buy
MicroStrategy is the world's leading corporate Bitcoin holder. As the U.S. market opened on Sep. 2 after the Labor Day holiday, the firm announced that it acquired 4,048 BTC for $449 million during Aug. 26-Sep. 1.
The firm now holds 636,505 BTC worth $70 billion on its balance sheet. The MSTR stock jumped 1.44% to trade at $339.24 at the time of writing.
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Besides, there is speculation within the crypto community around the company joining the S&P 500 list as soon as Sep. 5. The firm's market cap of $96.84 billion is, anyway, well above the required threshold of $22.7 billion.
In fact, the Wall Street veteran Josh Mandell, who nailed Bitcoin's $84,000 prediction for March 2025, thinks the company has already been included and only an announcement is due.
Will Robinhood join S&P 500?
Founded in 2013, Robinhood Markets (Nasdaq: HOOD) is a trading exchange that offers stocks, cryptocurrencies, etc. Its launch of tokenized stocks in June kicked off a firestorm , with OpenAI distancing itself from the offering.
Since the firm's market cap is $88.25 billion, can it join the S&P 500 list?
A popular stock analyst, known as @Mr_Derivatives on X, thinks there is "a good chance"either Robinhood or the tech company AppLovin Corporation (Nasdaq: APP) will join the list on Sep. 5.
Though there is no rule against it, they wondered if the index committee will add HOOD after only recently adding another broker, Interactive Brokers Group (Nasdaq: IBKR). They added:
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If Robinhood is added, it will be the top performer among S&P 500 stocks.
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HOOD will even beat Palantir Technologies (Nasdaq: PLTR).
Though Robinhood posted very impressive financial results for Q2 2025, it has been consistently snubbed by the committee.
The firm's stock fell 4.69% to trade at $99.15 at the time of writing.
This story was originally reported by TheStreet on Sep 2, 2025, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.
