Key notes
- Fintech Giant Block Inc was added to the S&P 500 from July 23.
- Block replaced the American energy company Hess Corp on the S&P 500.
- A strategy can possibly be added to the S&P 500 index, a movement reinforced by epic bitcoin bets. .
Jack Dorsey’s financial services company, Block, Inc., was added to the S&P 500, the reference index of the 500 largest American companies per market capitalization. It replaces the American energy company Hess Corp on the S&P 500. According to a press release published on July 18, the replacement will come into force before the negotiation on Wednesday.
Block Inc. meets the S&P 500 criteria
The news of the addition of Block Inc. to the S&P 500 increased its market value by 9% in after-hour negotiation on Friday.
He jumped up to $ 79, according to Google Finance Data. This underlines the level of bullish reaction that the event has received from the market, in particular the Bitcoin community (BTC). Block Inc. has won so much embrace because it is one of the most renowned donors in Bitcoin.
🚨jack Dorsey’s Block Inc. joins the S&P 500. Block holds 8,584 $ BTCworth more than $ 1 billion.
– Krasnov (@KrasnovCrypto) July 19, 2025
The company has a large Bitcoin treasure and, according to recent Bitbo data, Block currently contains 8,584 BTC. Consequently, analysts and market observers believe that inclusion S&P 500 is a significant victory for Bitcoin.
Speaking of this, the Crypto Wisesummit comments account stressed that “it is not only a title”, describing it as “billions of passive flows approaching bitcoin”.
In addition, Crypto Trader, Cryptothedoggy, said: “Crypto roots + Fintech Firepower = new plan by Wall Street.”
In addition, this is a notable step for block, because it demonstrates its growth and progress over the years. For a company to get on the S&P 500, its market capitalization must be more than $ 18 billion. In addition, he must have a public float above 10%, and the revenues of his last quarter should be positive.
Such a company must also have the sum of the income of accounting principles (GAAP) of generally accepted accounting principles (PCGR) of the previous four quarters. Like Block Inc., the American Cryptocurrency Exchange Coinbase also achieved this feat. It’s been two months since the digital asset service provider has become the first Crypto company to be included in the S&P 500 index.
Strategy plans to join S&P 500
Other companies seek to join the reference index of the 500 largest American companies per market capitalization. The strategy, formerly known as Microstrategy, has made incremental movements that could lead to a list on the S&P 500. One of these movements is to become the largest Bitcoin holder.
About a week ago, Strategy announced a sale of shares of $ 4.2 billion in the market level (ATM) as part of its decision to further expand its Bitcoin holdings, following a profitable first semester of 2025. It is planned to sell privileged Strd shares. The product will be used for the acquisition of Bitcoin and Company operations.
Business Intelligence and Software is eager to maintain its Bitcoin accumulation model. He strongly believes that Bitcoin is the most effective long -term value store in a volatile macroeconomic climate. The reason for maintaining this strategy is not eccentric, since the medal did not fail to disappoint its holders.
His total assets of more than 600,000 BTC gave him a profit of more than $ 14 million.
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Benjamin Godfrey is a blockchain enthusiast and a journalist who savor the writing of actual applications for blockchain technology and innovations to stimulate general acceptance and global integration of emerging technology. His desire to educate people on cryptocurrencies inspires his contributions to renowned media and blockchain sites.
