Michael Saylor's MSTR Will Again Earn Consideration for S&P 500

Michael Saylor's company, Strategy (MSTR), is set to report its second consecutive profitable quarter, primarily due to a rise in bitcoin prices. The company's earnings are projected to reach approximately $2.9 billion, or $10 per share, as bitcoin's value increased to around $114,000 by the quarter's end. In the past year, MSTR has accumulated earnings totaling roughly $22.80 per share. This financial performance puts Strategy within the eligibility criteria for S&P 500 inclusion, which requires positive trailing twelve-month EPS, a profitable latest quarter, a public float of over 50%, and an average daily trading volume exceeding 250,000 shares. Additionally, the company has raised the dividend rate on its perpetual preferred stock (STRC) to 10.25%, reflecting a commitment to its shareholders. MSTR shares have shown a 2.9% rise premarket, alongside a 3% increase in bitcoin prices, indicating a bullish sentiment in the market as the fourth quarter S&P 500 rebalancing approaches, scheduled for December 19.

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