‘Digital Capitalist’ Has Hot Bitcoin Stock Tip For Q2 Investors
The post ‘Digital Capitalist’ Has Hot Bitcoin Stock Tip For Q2 Investors appeared on BitcoinEthereumNews.com.
Jeff Walton, a Bitcoin podcaster and Strategy investor, recently pointed out that Strategy (formerly known as MicroStrategy) is on track to join the S&P 500 Index. Strategy Could Soon Join S&P 500 Walton wrote in a post on the X app: Q2 is likely going to be the big blow out quarter on Earnings for $MSTR The quarter ends on 6/30 (52 days from now) The earnings release call will likely be on August 5th / 6th Technically Qualifying $MSTR for the S&P500 The market will react surprised & bewildered… — Jeff Walton (@PunterJeff) May 9, 2025 The S&P 500 is the US stock market benchmark comprised of the 500 largest companies in the United States by total market capitalization. Strategy’s entry onto the index would likely cause its share prices to soar. That’s what happened this week after markets slated Coinbase, the largest US cryptocurrency exchange, to join the S&P 500 with a market cap north of $67 billion. Did Michael Saylor lead the Company to Join Coinbase? Coinbase will enter the broad stock benchmark because Capital One Financial will acquire Discover Financial Services, bumping it off the stock exchanges. After that headline broke, COIN shares flew from under $200 to $266 to close the week. That was an easy 33% gain for shareholders like Ark Invest’s Cathie Wood. The investing maven is very bullish on crypto assets and Coinbase stocks. COIN is the third-largest holding in the ARKK ETF. Walton says Strategy could deliver a similar performance in August if it makes it onto the index. The Bitcoin treasury company guarantees returns on BTC investments to its clients with fixed return corporate bonds that retain the option to convert these notes into Strategy stocks. The company’s founder, MIT graduate Michael Saylor, innovated this strategy to spectacular effect. In April, its…
Filed under: News - @ May 18, 2025 8:24 pm