Strategy once again denied S&P 500 inclusion

Strategy has once again been passed over for inclusion in the S&P 500 index, Morningstar reported. Data storage and solutions provider SanDisk was added to the index instead. The decision defied earlier expectations from crypto market analysis firm 10x Research, which had estimated a greater than 70% chance of Strategy's inclusion. Bloomberg ETF analyst James Seyffart had also considered the company a likely candidate for inclusion this year. Robinhood, which had been considered another top contender alongside Strategy, was added to the index in September. Currently, three crypto-related companies are part of the S&P 500: Coinbase, Block, and Robinhood. Meanwhile, JPMorgan recently warned that Strategy could face approximately $2.8 billion in fund outflows if it is excluded from other major indices, such as the MSCI. The next MSCI index rebalancing is scheduled for Jan. 15, 2026.