‘Digital Capitalist’ Has Hot Bitcoin Stock Tip For Q2 Investors

Jeff Walton, a Bitcoin podcaster and Strategy investor, recently pointed out that Strategy (formerly known as MicroStrategy) is on track to join the S&P 500 Index.

Strategy Could Soon Join S&P 500

Walton wrote in a post on the X app:

https://twitter.com/PunterJeff/status/1920877429087728107?ref_src=twsrc%5Etfw” data-wpel-link=”external” target=”_blank

The S&P 500 is the US stock market benchmark comprised of the 500 largest companies in the United States by total market capitalization. Strategy’s entry onto the index would likely cause its share prices to soar.

That’s what happened this week after markets slated Coinbase, the largest US cryptocurrency exchange, to join the S&P 500 with a market cap north of $67 billion.

Did Michael Saylor lead the Company to Join Coinbase?

Coinbase will enter the broad stock benchmark because Capital One Financial will acquire Discover Financial Services, bumping it off the stock exchanges. After that headline broke, COIN shares flew from under $200 to $266 to close the week.

That was an easy 33% gain for shareholders like Ark Invest’s Cathie Wood. The investing maven is very bullish on crypto assets and Coinbase stocks. COIN is the third-largest holding in the ARKK ETF.

Walton says Strategy could deliver a similar performance in August if it makes it onto the index.

The Bitcoin treasury company guarantees returns on BTC investments to its clients with fixed return corporate bonds that retain the option to convert these notes into Strategy stocks.

The company’s founder, MIT graduate Michael Saylor, innovated this strategy to spectacular effect. In April, its stock’s 1-year return on investment surpassed Jim Cramer’s “Magnificent Seven” for market returns.

In a more recent update, Saylor informed that MSTR is winning the “financial triple crown” due to its Bitcoin-based strategy.

https://twitter.com/saylor/status/1923741153536385124?ref_src=twsrc%5Etfw” data-wpel-link=”external” target=”_blank