Michael Saylor’s strategy (Mstr) Missing to be added to the S&P 500 index on Friday, despite the hope of recording after the company announced one of the strongest quarters in its history and met all criteria for joining the index.
The stock of the largest company’s bitcoin The proprietor fell almost 3% after market hours and deleted all Friday’s winnings. The inclusion would have been a significant milestone for the company and for the industry, as it would have exposed millions of average investors and portfolio managers to the company that potentially acts as a bullish catalyst.
In a surprising movement on Friday, the digital trading platform Robinhood (HOOD)With growing crypto ambitions, was included in the S&P 500 index, which ran on the stock 7% higher after the market close. The changes will come into force on September 22.
Before Friday, only two crypto-bound stocks were part of the index: Crypto Exchange Coinbase (COIN) and Jack Dorsey’s block (Xyz). Robinhood will now be added to this coveted list.
Read more: Strategy qualifies for the S&P 500, inclusion decision could come on Friday
