Michael Saylor’s Strategy (MSTR) has seen plenty of success in the past year, with its stock up 161% in that span. The stock has been one of the best performers on the market, largely due to the surge of Bitcoin (BTC). Some investors see potential in MSTR eventually joining the S&P 500 index, which would be monumental for not only Strategy, but for Bitcoin and the crypto market as a whole.

Earlier this week, popular Bitcoin investor Lark Davis said that he could see MSTR being eligible to join the index as soon as this week. Davis added that the move will trigger billions in boomer money, i.e., funds from older investors, to flow into MSTR and Bitcoin. Meanwhile, Wall Street veteran Josh Mandell suggests that Strategy has already been included in the S&P 500 and an announcement is imminent.

To join the S&P 500 index, a company and its stock must complete the following:

• Based in the U.S.
• At least 12 months of trading history on a major U.S. exchange
• Market cap above $22.7 billion
• Minimum 50% of shares should be public
• Monthly trading volume of more than 250,000 shares for six months
• The latest quarter has positive earnings
• The last four quarters’ total earnings are positive

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Strategy (MSTR) already checks all of these boxes, so upon approval by Wall Street, it could feature in the S&P 500 index this September. If it happens, Strategy will be the third company after Brian Armstrong’s Coinbase (COIN) and Jack Dorsey’s Block, Inc. (XYZ) to join the index.

At press time, MSTR stock is trading in the middle of its 52-week range and below its 200-day simple moving average. CNN analysts are extremely bullish on Strategy, rating its stock a 10/10 choice. Its one-year stock forecast projects MSTR to hit a potential high of $705, and a median price of $586 during that span, both equaling ROIs of over 70%.