Block holds 8,584 BTC — worth roughly $1 billion — placing it among the top 15 corporate holders of Bitcoin […]
The post Block Officially Joins S&P 500, Strengthening Bitcoin’s Presence on Wall Street appeared first on Coindoo.
Block holds 8,584 BTC — worth roughly $1 billion — placing it among the top 15 corporate holders of Bitcoin globally.
Its inclusion in the S&P 500 follows a nearly 14% rise in its stock price over the past week, reflecting renewed investor confidence as it steps onto a larger stage.
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The S&P 500 tracks the largest publicly traded U.S. firms, with criteria that include a market cap above $18 billion, sufficient public float, and at least one profitable quarter.
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Block now joins Tesla and Coinbase in bringing direct Bitcoin exposure to the benchmark, highlighting the growing crossover between traditional finance and digital assets.
Block’s elevation into the index also signals a broader acceptance of Bitcoin as part of corporate strategy, not just a speculative asset. As institutional interest in crypto continues to rise, the presence of BTC-heavy firms in one of the world’s most watched indices could help legitimize the role of digital assets in mainstream finance.
The post Block Officially Joins S&P 500, Strengthening Bitcoin’s Presence on Wall Street appeared first on Coindoo.
Source: https://coindoo.com/block-officially-joins-sp-500-strengthening-bitcoins-presence-on-wall-street/
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