JPMorgan: S&P 500 Refuses to Include Strategy, Sounds Alarm for Crypto Treasury Companies The S&P 500 Index Committee recently rejected the application of Strategy (formerly MicroStrategy) for inclusion, despite the company meeting the technical qualification requirements. This decision is not only a setback for Strategy but is also viewed by JPMorgan analysts as a warning signal for the entire "crypto treasury" industry. It indicates that index providers are adopting an increasingly cautious attitude towards companies that are shifting their primary business to Bitcoin investment vehicles, which may be limiting the broader acceptance of crypto assets through TradFi channels. S&P 500's "Discretion" The S&P 500 Index Committee exercised discretion in its selection process, rejecting the application of Strategy. This decision comes at a time when a large number of similar companies are flooding the market, with committee #SOL价格预测# #GUSD双重收益# #DOGE ETF上市# .