The post Crypto News: Saylor’s Strategy Is Still In Line For S&P 500 Listing, Matrixport Says appeared on BitcoinEthereumNews.com. Strategy remains stable after the Bitcoin dip. Analysts say its S&P 500 inclusion prospects are still on track despite the correction. Strategy drew fresh attention after the recent Bitcoin selloff. The drop raised doubts about companies that hold large amounts of Bitcoin on their balance sheets. Strategy faces these questions often, yet analysts say the company still looks steady. They also believe its S&P 500 bid remains on track. Strategy performance stands out despite the sharp correction Strategy saw its share price fall from a high of $474 to around $207. The drop followed the wider crypto market slide and despite the move, Matrixport researchers said the company still stands on firm ground. They see no sign that Strategy will face forced selling or major stress from the downturn. Matrixport says that Strategy is still on track for an S&P 500 | source- X Analysts at Matrixport said the recent pressure sits mainly on shareholders who bought the stock at a premium. That premium faded once Bitcoin moved lower. This caused a steep compression in net asset value. The company, however, did not show signs of distress. Crypto research group 10X Research reported a 70% chance that Strategy will join the S&P 500 before the year ends. Their assessment supports Matrixport’s view that the correction did not weaken the company’s long-term outlook. Strategy stock, and S&P 500 inclusion hopes Strategy now appears cheap when compared with Bitcoin’s price trend. Matrixport analysts said the stock trades at a level that does not reflect the company’s current balance sheet strength. They also wrote that the S&P 500 inclusion remains possible in December. S&P Global Ratings issued a B minus rating for Strategy. The grade sits in speculative territory, but it marks the first rating of its kind for a Bitcoin treasury…
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