10 New Contenders for S&P 500 Index

9. Strategy Inc. (NASDAQ:MSTR)

Number of Hedge Fund Holders: 41

Strategy Inc. (NASDAQ:MSTR) is one of the 10 new contenders for S&P 500 Index.

On April 21, 2026, Cantor Fitzgerald raised its price target on Strategy Inc. (NASDAQ:MSTR) from $192 to $212 while keeping an Overweight rating on the stock. The firm acknowledges the concerns surrounding the broader macroeconomic slowdown. At the same time, it stated in its research note that consumer spending remains relatively stable, based on the recent bank results as well as the company commentary. Furthermore, the firm’s analyst pointed out sector risks as overstated and that Q1 targets remain achievable. Forward guidance and developments in the Middle East will likely drive future performance.

Previously, on April 20, 2026, Strategy Inc. (NASDAQ:MSTR) disclosed acquiring 34,164 additional bitcoins for approximately $2.54 billion between April 13 and April 19. The average purchase price was $74,395 per coin, approximately. With this new transaction, the company’s total holdings reached 815,061 bitcoins as of April 19. These acquired bitcoins reflect an aggregate investment of roughly $61.56 billion, further solidifying Strategy Inc.’s (NASDAQ:MSTR) position as the largest corporate bitcoin holder.

Founded in 1989, Strategy Inc. (NASDAQ:MSTR) is a pioneer in enterprise analytics and mobility software that has transformed into the world’s largest corporate holder of Bitcoin. The company’s headquarters is in Virginia.