This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy. In what MicroStrategy's Michael Saylor dubs a "major milestone," Coinbase has just qualified for inclusion in the world's premier equity index. To wit, just moments ago, S&P announced that Coinbase will replace Discover Financial Services in its benchmark S&P 500 index "effective prior to the opening of trading on Monday, May 19." This is the first time that a crypto-focused company is joining the S&P 500 index. Of course, Coinbase has chosen to mark this seminal moment with a cheeky X post that also functions as a victory lap of sorts. After all, it was not too long ago that Coinbase was contesting alongside Ripple against the SEC's "regulation by enforcement" approach under the Biden administration. Q2 is likely going to be the big blow out quarter on Earnings for $MSTR The quarter ends on 6/30 (52 days from now) The earnings release call will likely be on August 5th / 6th Technically Qualifying $MSTR for the S&P500 The market will react surprised & bewildered… — Jeff Walton (@PunterJeff) May 9, 2025 Of course, the inclusion of Coinbase in the S&P 500 index now paves the way for MicroStrategy's induction as well. As of the 01st of May, MicroStrategy reported $5.8 billion in year-to-date gains on its Bitcoin holdings. The company currently holds 568,840 BTC at an average price of $69,287. While the inclusion of Coinbase in the S&P 500 index is a significant development, it is MicroStrategy that is currently moving the needle on Bitcoin's price and, as such, the stock's probable inclusion in the coming weeks will likely spur a fierce rally in the world's preeminent cryptocurrency. As an illustration, consider the fact that Bitcoin miners are currently producing 450 BTC per day while MicroStrategy is removing 2,087 BTC per day from active circulation. This paradigm has turned Bitcoin into a deflationary asset, based on its current annual inflation rate of -2.33 percent. Unsurprisingly, Coinbase is up ~10 percent in today's after-hours trading session. The stock is down 20 percent, however, so far this year. Deal of the Day