MSCI’s new rules could squeeze Strategy’s Bitcoin buying machine
MSCI approved rules threatening Strategy's index membership as its shares trade nearly 69% below their peak. On Oct. 15, the global index provider announced that it would adopt a new methodology excluding companies classified as non-operating businesses from its Global Investable Market Indexes. The changes take effect after the Nov. 30 market close, with the… Read the full story on CryptoSlate…
MSCI has approved new index rules that exclude non-operating companies from its Global Investable Market Indexes, effective after the Nov. 30 close, threatening Strategy's (formerly MicroStrategy) index membership. Strategy's shares are already trading nearly 69% below their peak, and removal from major indexes could force passive funds to sell the stock. A weaker Strategy share price could impair its ability to raise capital for further Bitcoin purchases, a key source of demand that traders watch closely.
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38M AGOYou’re reading thisMSCI’s new rules could squeeze Strategy’s Bitcoin buying machineCryptoSlate · Score 65
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6H AGOCrypto Briefing · Score 65 · via MSCI, indexes
