According to cryptocurrency analysis firm 10X ResearchMichael Saylor’s Bitcoin-focused company, Strategy, has a 70% chance of joining the S&P 500 before the end of this year. Stratgy will release its Q3 2025 earnings report on Thursday, which is expected to include a $3.8 billion profit from its Bitcoin (BTC) holdings. Strategy is among the largest Bitcoin (BTC) holders in the world, with 640,808 BTC in the treasury. A profitable third quarter will significantly increase the company’s chances of joining the S&P 500 list of companies, effective December 19, 2025. According to the report, “The Oct. 30 earnings release, which could reignite speculation surrounding the Dec. 5 S&P 500 inclusion decision — a scenario we assign roughly a 70% probability.“
Will Bitcoin Enter a Bullish Phase in November?
Although October has historically been a bullish month for Bitcoin (BTC), 2025 did not fit the historical pattern. This month has been quite weak, with major crypto assets facing significant corrections. The month also witnessed the highest one-day liquidation event in crypto history.
Read also: How Much Bitcoin Does Michael Saylor Own in 2025?
The current situation in the market is likely due to macroeconomic conditions and trade conflicts. The crypto market faced a massive correction earlier this month due to a trade deficit between the US and China. The market rebounded slightly after President Trump said both nations are close to finalizing a new trade deal. Bitcoin (BTC) and the larger crypto market could see a major recovery if global trade conflicts are resolved.
