Strategy's repeated failure to join the S&P 500 index is raising concerns. Despite predictions from firms like 10x Research, SanDisk was chosen instead. This setback follows Robinhood's inclusion last September, leaving Strategy out while Coinbase, Block, and Robinhood represent crypto in the index. JP Morgan warns of potential $2.8 billion outflows if Strategy is also excluded from the MSCI index, with the next rebalancing scheduled for January 2026. This exclusion could significantly impact Strategy's market position. While the reasons for the repeated snubs remain unclear, factors like market capitalization, profitability, and sector representation likely play a role. Investors are now keenly watching the upcoming MSCI review and Strategy's future strategies for potentially meeting index inclusion criteria. The crypto market awaits the next decision and if Strategy can recover from the loss. ```