MicroStrategy, a company known for its significant digital asset holdings, is reportedly close to meeting the criteria for inclusion in the S&P 500 index. According to the brokerage firm Benchmark, MicroStrategy could qualify for the index if it adopts new fair value accounting standards as per the recent guidance issued by the Financial Accounting Standards Board (FASB) in December last year. This change would allow the company to measure digital assets at fair value and reflect these changes directly in net income. The company is set to report its earnings in four days, a timeframe which could be pivotal for its potential inclusion in the index.
Rumors of @MicroStrategy being inducted into the @SP500_Index $SPY pending some accounting changes. @saylor. đź‘€
.@MicroStrategy could merit S&P 500 inclusion if it adopts new accounting rules. The FASB issued guidance in December last year that allows companies that hold digital assets on their balance sheet to measure them at fair value, and record changes in fair value in net income in… https://t.co/gJZb58C3QB
IS MICROSTRATEGY ABOUT TO JOIN THE S&P 500?! - According to broker, Benchmark, @Microstrategy could be just a few small changes away from inclusion in the renowned S&P 500. - With $MSTR scheduled to report earnings in just 4 days’ time, choosing to adopt new accounting… https://t.co/69ZaMAFlJa https://t.co/t4MXPgOBkL
🚨BREAKING: @MICROSTRATEGY $MSTR COULD BE INCLUDED IN THE S&P 500 ~ BENCHMARK
Broker Benchmark says $MSTR could meet all the requirements for S&P 500 index inclusion if the company chooses to adopt new fair value accounting standards and reports a positive quarter. @willcanny99 reports. https://t.co/CzXnpNw6cL