Strategy Sinks Nearly 10% on MSCI News But Saylor Is Still $5B Up
Strategy shares lost 9.6% on Friday in the first full session after MSCI’s index ruling, even though the company’s 848,250 bitcoin still sit about $5 billion above cost. The Breakdown MSCI announced on Oct. 15, after U.S. markets closed, that companies which mainly hold assets rather than run a business will lose index eligibility. Friday […]
Strategy (formerly MicroStrategy) shares fell 9.6% on Friday, the first full session after MSCI ruled that companies primarily holding assets rather than operating a business will lose index eligibility. Despite the drop, the company's 848,250 bitcoin remain roughly $5 billion above their cost basis. The ruling threatens passive index demand for bitcoin-holding vehicles like Strategy, a key equity proxy for BTC exposure, though the underlying treasury position stays deeply profitable.
