Strategy’s rejection from the S&P 500 a major blow to crypto treasuries: JPMorgan
- JPMorgan analysts stated that S&P 500’s rejection of Strategy is a major setback for crypto treasury firms.
- They noted that other indexes may reconsider including crypto treasuries on their platforms.
- The analysts added that crypto treasury firms are facing overcrowding, as more companies continue to follow Strategy’s playbook.
JPMorgan analysts said the S&P 500 committee’s decision to exclude Strategy from the index is a setback for crypto treasuries and may signal that the corporate Bitcoin reserve trend has peaked.
JPMorgan says Strategy’s rejection from S&P is a blow to crypto treasuries
JPMorgan analysts stated that the S&P 500 committee’s decision to reject Strategy’s (formerly MicroStrategy) inclusion in the index…
