Unlike widely used expectations, Robinhood and Strategy were not added to the S&P 500, which led to a drop in their stock prices. The announcement of August 25 drew attention, because these two companies were considered to be likely candidates to join the reference index due to their good performance and market interest.
In short
- Robinhood and Strategy were not added to the S&P 500, which led to a slight drop in their stock prices.
- Interactive Brokers joined the S&P 500, replacing Walgreens, which increased its actions by 4.4 % during exchanges after the fence.
- Inclusion to the S&P 500 requires a base in the United States, a rating on a large scholarship, a market capitalization of more than $ 22.7 billion and sufficient liquidity.
Robinhood and Strategy react to the refusal of the S&P 500
Robinhood, the online trading platform, had a remarkable year. Its shares have climbed almost 190 % since the beginning of 2025, reaching new heights several times thanks to a strong activity of purchase of private investors.
This performance had led many players from Wall Street to think that the company would be added to the S&P 500. However, the committee responsible for supervising the index made a contrary decision, and Robinhood's action fell slightly, negotiating $ 107.05 on Tuesday, a drop of 0.83 % compared to the end of Monday at $ 107.94.
Strategy, a software company known for its important Bitcoin detentions, has undergone a similar setback. His shares dropped 4.17 % on Monday at $ 343.20 following the announcement. During the exchanges after the fence, a slight rebound was observed at $ 343.96, and Tuesday, the action had increased slightly to $ 344.47, an increase of 0.37 % compared to the fence on Monday.
Interactive Brokers benefits from its inclusion at S&P 500
While Robinhood and Strategy were forgotten, Interactive Brokers Group has been added At S&P 500, replacing Walgreens Boots Alliance. This inclusion resulted in an immediate positive movement of its action, which jumped 4.4 % during exchanges after the closing Monday at $ 65.54.
Tuesday, shares were negotiated at $ 62.72, showing a slight drop compared to the closing price of Monday at $ 62.76.
Being added to the S&P 500 is generally considered a notable advantage for companies. The funds following the index must buy the actions of newly included companies, creating an immediate request and which can push the prices of upwards. Conversely, being excluded can cause decrease, reflecting the disappointment of investors.
Strategy bitcoin assets remain significant
Strategy continues to have a major Bitcoin portfolio, which helped stabilize the feeling of investors despite the exclusion of the S&P 500. On Monday, it revealed to have acquired 3,081 bitcoins for around 356.9 million dollars, at an average price of around $ 115,829 per room.
Its total assets at the end of August 24 amounted to 632,457 Bitcoins, bought at an average price of $ 73,527 per room and valued at around $ 46.5 billion. The company carried out an annual Bitcoin return on 25.4 % in 2025.
While existing assets continue to generate this return, Michael Saylor's company slowed down its purchase rate compared to July, when 31,466 pieces were acquired. In August, only 3,666 bitcoins were added, reflecting a significant reduction in monthly acquisitions.
Requirements for inclusion at S&P 500
The S&P 500 committee assesses several factors when it decides which companies include:
- The company must be based in the United States.
- The company must be listed on a recognized American scholarship, including the NYSE, NASDAQ or CBOE.
- The company must have a market capitalization of at least $ 22.7 billion.
- The action must benefit from a volume of transactions and liquidity sufficient to allow investors to easily buy and sell shares.
Even when a company meets these criteria, inclusion is not guaranteed. The Committee exercises discretion and evaluates other factors beyond basic financial indicators. This approach explains why efficient companies such as Robinhood and Strategy can nevertheless be excluded.
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