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The backdrop to these developments includes recent changes in Financial Accounting Standards Board (FASB) rules that allow MicroStrategy to report Bitcoin profits or losses on their earnings balance sheet. This accounting shift could significantly alter investor perceptions and stock performance, as Bitcoin, traditionally viewed as a volatile asset, becomes a key component of corporate earnings.
The S&P 500 Inclusion Catalyst
One noteworthy aspect of MicroStrategy’s trajectory is its potential inclusion in the S&P 500. With Bitcoin's price currently around $106,000, the next steps for the company are crucial. Should MicroStrategy gain entry into this prominent index, it could experience similar market movements to Tesla and Coinbase after their respective inclusions.