Robinhood Soars 6% After S&P 500 Inclusion, Strategy Snubbed

Florida Probes Robinhood Crypto Over "Deceptive" Fee Claims

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Robinhood Markets Inc. (Hood) 6 % in trading after working hours after adding it to the S&P 500 stock index, while Michael Saylor Strategy Inc. (MSTR) despite meeting the index inclusion criteria.

S&P changes will perform on September 22. Currently, two other companies connected to the encryption, Coinbase (Coin) and Block (XYZ) are in the index.

Robinhood is a digital trading platform with increased encryption aspirations. Cryptology has achieved revenues of $ 160 million in the second quarter of this year, or 16 % of the total. The encryption revenues fell from $ 252 million in the previous quarter.

The strategy is involved in drowning

The strategy decreased by approximately 3 % in trading after working hours, up to its monthly loss of more than 12 %, according to To Google Finance.

MSTR share price (Source: Google Financing))

Strategy Snub It came after Bitcoin Treasury Company, the leading company in one of the most powerful quarters in its history, with a net of $ 10 billion.

“Why wasn’t it? $ MSTER The S&P 500 is allowed to enter all the criteria? A request from the Bloomberg analyst ETF Eric Balunas in A. After x. Because “the committee” said no. You have to realize that SPX is mainly an active box run by a secret committee. “

The strategy says that the new Nasdak’s position in the cryptocurrency is not a problem.

The strategy remains listed on the Nasdak Stock Exchange, which is an exchange of tightening requirements For companies that use debt financing to buy Crypto, the step that was a pioneer in this strategy.

According to a report By information earlier this week, the Nasdaq Stock Exchange began to require shareholders ’votes for some deals and also presses more disclosures. This may suspend the trading index or even delete some companies that fail to comply, according to the report, which referred to the informed people familiar with the matter.

The news strategy responded to X, saying that the new Nasdak placing in digital treasury formations does not affect the strategy, ATMs or other capital market activities.

The tightening review comes after a wave of new companies began to collect capital from investors through stock sales for the development of the Coda Treasury. Since the beginning of the year, 154 companies listed in the United States have announced plans to raise nearly $ 98.4 billion to purchase encryption.

The strategy is the leading Crypto Treasury Company with 636,505 BTC at a value of $ 70.57 billion in its public budget, according to Data From bitbo. The company’s latest purchase was on September 2, when the company bought 4,048 BTC for $ 449.3 million.

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