News

Foresight News reported, citing Bloomberg, that Strategy has become a potential candidate for inclusion in the S&P 500 Index. According to current rules, last quarter's unrealized gains of $14 billion at least theoretically meet the profitability requirements for index eligibility. According to analysis by Stephens Inc., if approved, passive funds tracking the index would be forced to buy nearly 50 million shares, valued at approximately $16 billion at current prices. However, in addition to earnings, the S&P committee will also assess liquidity, profitability, and trading history, and will make judgments based on industry balance. For example, companies included must be highly liquid U.S. companies with a market capitalization of at least $22.7 billion, and must have posted positive income in the most recent quarter and over the past four quarters.

Foresight News reports that the Jito Foundation has released four updates regarding the JTO tokenomics: the initial $1 million JTO buyback has been completed, and the CSD will continue to use TWAP buybacks in the short term while developing other mechanisms (such as an auction system) to automate JTO value accrual; JIP-24 has passed, doubling the DAO block engine fees, and the DAO will now receive 6% of fees from the Jito Block Engine; the JTO Economic Center page is now live; and the first token holder call will be held on September 24.