Strategy Inc. is approaching a market turning point as the profit of 3.6 billion USD from Bitcoin may spark hopes of being included in the S&P 500.

Despite the steep decline, Markus Thielen from 10x Research believes that Strategy Inc.'s stock may be approaching a market turning point ahead of the upcoming earnings report. He predicts the company will record a profit of 3.6 billion USD from the revaluation of the Bitcoin held, which could spark hopes of being included in the S&P 500 index.

Thielen believes that this could attract up to 28 billion USD in passive and active capital, as the “speculative fee” level for stocks has almost disappeared. Currently, the company's value is approaching the value of the Bitcoin reserves, making it potentially more attractive than Bitcoin itself. Under the leadership of Michael Saylor, Strategy Inc. remains the largest holder of Bitcoin, although its market capitalization has decreased from over 45 billion USD to about 27 billion. Thielen believes that the pessimistic sentiment and upcoming factors could signal the beginning of a new recovery cycle.

BTC-1.59%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)