MicroStrategy Excluded From S&P 500 as Robinhood Gains Inclusion
Robinhood’s S&P 500 inclusion underscores its expanding role in crypto trading and solid financial performance, while MicroStrategy’s exclusion highlights a preference for diversified business models over pure Bitcoin holdings.
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Fact Check
Multiple credible sources such as Investopedia, Yahoo Finance, and ainvest.com corroborate that during the September S&P 500 rebalancing, Robinhood was included in the index. These same sources, and others, explicitly state that MicroStrategy, which was a candidate for inclusion, was not added, effectively being excluded from the new list of members.
Summary
Robinhood’s stock surged over 7% after being added to the S&P 500, effective September 22, 2025. The company’s stock has risen by over 150% this year, fueled by strong crypto trading revenue and earnings. Despite holding $70 billion in Bitcoin, MicroStrategy was excluded from the index, causing a 3% drop in its shares. Robinhood faces regulatory challenges in both the U.S. and Europe regarding event contracts and tokenized stock offerings.
Terms & Concepts
- S&P 500: A stock market index tracking the performance of 500 large companies listed on U.S. exchanges, widely regarded as a benchmark for U.S. equities.
- Post-Market Trading: The buying and selling of securities outside regular trading hours, typically after the market closes.
- Stock Tokens: Blockchain-based digital tokens that represent fractional ownership of traditional stocks, allowing trading on crypto platforms.