Dorsey tech company Block joins Standard & Poor's 500 Index
The company was acquired by the Securities and Exchange Commission, giving stock market investors indirect exposure to Bitcoin. Block reportedly holds 8,584 Bitcoins, worth about $1 billion.
This is the 13th largest level in the world in terms of corporate holdings.
Based on Treasuries.NET data. After the news of Block's inclusion in the S&P 500 was announced, Block's stocks listed on the New York Stock Exchange (NYSE)
Its stock price has risen by about 14% in the last five days. The S&P 500 is the leading stock index in the United States, tracking the performance of the 500 largest publicly traded companies by market capitalization.
Currently, in addition to Blockchain, Coinbase (C
In order to be included in the S&P 500, a company must have a market capitalization of at least $18 billion and tradable shares must account for at least 10% of the total issued shares.
In addition, the most recent quarterly performance must be in the black. As of the first quarter of 2025, the S&P 500 has a market capitalization of approximately $50 trillion. ETFs and
By simply investing in an index fund or other financial product that tracks the S&P 500, investors are diversifying their investments across a variety of industries and are now indirectly exposed to the cryptocurrency market.
With this acquisition, Block will replace the energy company Hess Corp. Hess recently merged with Energy Corp. in a mega-merger worth $55 billion.
It merged with oil giant Chevron and was removed from the S&P 500.
2025/07/24 14:47 KST
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