Benchmark: MicroStrategy could be included in the S&P 500 if it adopts new accounting rules
Golden Finance reported that Benchmark reported that if MicroStrategy chooses to adopt the new accounting standards, its earnings could increase by more than $3 billion. If the company reports positive earnings, it will meet the final conditions for inclusion in the S&P 500 index. The broker said this would increase MicroStrategy's valuation because index funds would be forced to buy the stock.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A certain "contract-quitting, spot-buying" whale address has accumulated 7,066 ETH in the past 5 days
The Secretary of the National Security and Defense Council of Ukraine and his team have departed for the United States.
Trending news
MoreCrypto prices
More
