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Strategy has turned profitable and may be included in the S&P 500 in September. The acting chairman of the CFTC stated that Bitcoin is moving towards "Uberization."
Odaily News StriveFunds stated that after turning a profit in the second quarter, Strategy has met all the hard requirements for inclusion in the S&P 500 index, and may be included as early as September. Currently, Strategy has a market capitalization of over 100 billion dollars, with a net profit of 10 billion dollars in Q2, positioning it among the top ten in the index by scale. Analysts say that once included in the S&P 500, tens of millions of American investors who rely on index funds will indirectly have exposure to Bitcoin, with CFTC Acting Chair Caroline Pham describing this as the “Uberization” process of Bitcoin, meaning the integration of digital assets into the U.S. economic system to the point of being almost impossible to remove.