🚨 MSCI just kicked Strategy out of its index 😳
MSCI, the company that builds stock indexes, will remove Saylor's Strategy after the close on Nov 30. Metaplanet is getting removed from a smaller index too 📉
Why? MSCI has a new rule: companies that act more like funds than real businesses don't belong. And Strategy holds 850,364 $BTC 🟠
Why it matters: funds that copy the index may have to sell Strategy shares. And Strategy sells shares to raise cash for buying more Bitcoin 🧠
Saylor's side: it's a real company with a real software business. MSCI's side: it looks like a Bitcoin fund with a stock ticker ⚖️
Saylor taught the world to buy $BTC . The index just told him he's a fund in disguise 😂
MSCI, the company that builds stock indexes, will remove Saylor's Strategy after the close on Nov 30. Metaplanet is getting removed from a smaller index too 📉
Why? MSCI has a new rule: companies that act more like funds than real businesses don't belong. And Strategy holds 850,364 $BTC 🟠
Why it matters: funds that copy the index may have to sell Strategy shares. And Strategy sells shares to raise cash for buying more Bitcoin 🧠
Saylor's side: it's a real company with a real software business. MSCI's side: it looks like a Bitcoin fund with a stock ticker ⚖️
Saylor taught the world to buy $BTC . The index just told him he's a fund in disguise 😂
