Michael Saylor's Strategy Outperforms SPY and Bitcoin, But Remains Outside the S&P 500
- Strategy outperforms SPY index
- Michael Saylor Reacts to S&P Dow Jones Decision
- Robinhood Added to S&P 500, MSTR Left Out
Strategy (MSTR), a company associated with billionaire Michael Saylor and known for its significant exposure to Bitcoin, was not included in the new composition of the S&P 500 index. The decision prompted an immediate response from Saylor, who published comparative data highlighting MSTR's superior performance compared to SPY itself—a fund that replicates the S&P 500—and even compared to Bitcoin.
In a post on X, Saylor presented a chart showing that, during the period analyzed, Strategy's shares appreciated 92%, while Bitcoin rose 55% and SPY rose only 14%. The executive emphasized that, even without formal recognition by the index, the company's performance would already place it, in his view, among the largest in the market.
Thinking about the S&P right now… pic.twitter.com/Y5nPc9XT4l
— Michael Saylor (@saylor) September 6, 2025
In the same round of updates, Robinhood was selected to join the S&P 500. The brokerage, which offers stock and cryptocurrency trading services, was included, while MSTR, which focuses on accumulating Bitcoin as corporate reserves, was left out.
The delisting had an immediate impact on the market. Strategy's shares fell about 2% following the announcement, although the company stated that its strategic direction will remain unchanged. In an official statement, it reiterated its commitment to Bitcoin as the main pillar of its treasury policy.
Robinhood's selection and MSTR's rejection fueled debate about the criteria used to select companies for traditional indexes. Despite Strategy's solid results, its absence reinforces the perception that there is still institutional resistance to cryptocurrency-centric business models.
Even without a presence in the index, MSTR remains one of the most watched stocks among investors who monitor the impact of cryptocurrencies on traditional markets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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