Michael Saylor’s MicroStrategy (MSTR) has a 91% chance of qualifying for the S&P 500, contingent on Bitcoin not falling more than 10% before the end of the second quarter, according to analyst Jeff Walton. MSTR needs to show cumulative positive earnings across the past four quarters to be eligible but has posted net losses in the last three quarters. Currently, Bitcoin is trading at $106,200, and Walton estimates a critical threshold of $95,240 before June 30. He cites historical data, noting that since September 17, 2014, Bitcoin has dropped more than 10% in only 8.7% of six-day periods. As the quarter ends, the likelihood of sustaining Bitcoin’s price increases, improving the MSTR's odds further. Should MSTR qualify, it would join another crypto firm that entered the S&P 500 this year, marking a significant advancement in the acceptance of cryptocurrency. Geopolitical tensions affecting Bitcoin's price were also noted, emphasizing the volatility surrounding it.

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