Home News
24/7 Cryptocurrency News

MicroStrategy Eyes S&P 500 Inclusion, 50% MSTR Price Rally Ahead

Multiple companies holding Bitcoin, such as MicroStrategy, are contemplating the early adoption of the ASU 2023-08 guidance, potentially leading to a notable surge in MSTR price.
Published by
Bhushan Akolkar
Updated 26 Apr, 2024 | 09:19:12 AM UTC
MicroStrategy Eyes S&P 500 Inclusion, 50% MSTR Price Rally Ahead

Highlights

  • MSTR stock price to rally 50% if MicroStrategy adopts new accounting rules.
  • Several Bitcoin-holding firms, including MicroStrategy, are considering early adoption of the ASU 2023-08 guidance.
  • Michael Saylor criticized the FASB's cost-less-impairment model as "punitive".

Benchmark released an investment note earlier this week, on Wednesday, April 24, indicating that if MicroStrategy were to adopt the new accounting rules, it would significantly affect the MSTR share price. Additionally, this move would make MicroStrategy eligible for inclusion in the S&P 500 index.

MicroStrategy Inclusion Into S&P 500

Advertisement

Share
Bhushan Akolkar

Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets. 

He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.

Published by
Bhushan Akolkar
Updated 26 Apr, 2024 | 09:19:12 AM
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Bitcoin News

Breaking: U.S. PCE Inflation Rises To 2.7% YoY, Bitcoin Bounces

The August U.S. PCE inflation data has dropped in line with expectations, although it suggests…

September 26, 2025
  • 24/7 Cryptocurrency News

Breaking: $10 Trillion Vanguard Plans to Offer Crypto ETFs to Brokerage Clients

Asset manager Vanguard, with $10 trillion in assets under management (AuM), is planning to offer…

September 26, 2025
  • 24/7 Cryptocurrency News

BlackRock Loads Up on Bitcoin, Files For Premium ETF to Increase BTC Yield

BlackRock has purchased $77 million for its BTC holdings through its flagship iShares Bitcoin Trust…

September 26, 2025
  • Top

Best 10 Crypto Cards for 2025

The crypto cards segment has exponentially grown, and so have the number of credit and…

September 26, 2025
  • 24/7 Cryptocurrency News

Expert Projects HYPE Token Upside as Bitwise Files for Hyperliquid ETF With SEC

An expert has projected a significant upside for the HYPE token, despite its recent dip…

September 26, 2025
  • 24/7 Cryptocurrency News

Expert Says Crypto ETFs Could Be ‘Death-Knell’ for Treasury Firms MSTR, MTPLF, BMNR, SBET

ETF expert Nate Geraci, also the President of Nova Dius Wealth, made a bold prediction…

September 26, 2025