Bitcoin Bet Pays Off for MicroStrategy as Market Cap Soars Past Nearly Half of S&P 500 Firms

MicroStrategy's stock is up 204% in 2023, lifting its market cap above nearly half of S&P 500 firms
The software maker that is heavily invested in Bitcoin now has a higher market cap than 237 S&P 500 companies
MicroStrategy is essentially a leveraged holding company for Bitcoin rather than a traditional software company
It doesn't meet the profitability, revenue, and other requirements to qualify for the S&P 500 currently
If MicroStrategy were added, it would be one of the index's largest companies directly linked to Bitcoin