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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

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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
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