Millions of Individuals Passively Buy Bitcoin as MicroStrategy Joins S&P 500 Index
With the continuous rise in the price of Bitcoin, MicroStrategy has been consistently investing in and holding 190,000 bitcoins over the past few years, with a value close to breaking through $10 billion. The stock price of MicroStrategy has skyrocketed, rising to 545th place among the largest listed companies in the United States. People are even starting to discuss the day when MicroStrategy will be included in the S&P 500 index. Once included in the S&P 500 index, Bitcoin will begin to “automatically infiltrate all portfolios,” including traditional 401(k) plans, retirement funds, and the hands of investors engaged in passive investment.