📰 News: MSCI to drop Strategy and Metaplanet from its indexes
🔹 MSCI will remove Strategy (formerly MicroStrategy) and Metaplanet, the two best-known "Bitcoin treasury" companies, from relevant equity indexes after the close on Nov 30
🔹 Strategy previously estimated up to about 2.8B USD in passive fund selling of its shares from an exclusion
🔹 Michael Saylor says the ruling does not matter for Bitcoin, according to Bitcoin journalist Pete Rizzo
Also this week:
🔹 Total stablecoin supply fell about 14.2B USD over 30 days, the biggest drop since 2022 (Glassnode). Fewer stablecoins can mean less cash waiting on the sidelines to buy
🔹 Bitcoin miner reserves fell to about 1.19M BTC, the lowest since 2009 (CryptoQuant)
Why it matters: index funds sell the company shares, not $BTC itself. The bigger question is whether treasury companies can keep buying Bitcoin with less passive money behind their stock.
Does an MSCI exit change how you see Bitcoin treasury companies? 👇
(Not financial advice)
📷 Photo: Markus Winkler / Unsplash
🔹 MSCI will remove Strategy (formerly MicroStrategy) and Metaplanet, the two best-known "Bitcoin treasury" companies, from relevant equity indexes after the close on Nov 30
🔹 Strategy previously estimated up to about 2.8B USD in passive fund selling of its shares from an exclusion
🔹 Michael Saylor says the ruling does not matter for Bitcoin, according to Bitcoin journalist Pete Rizzo
Also this week:
🔹 Total stablecoin supply fell about 14.2B USD over 30 days, the biggest drop since 2022 (Glassnode). Fewer stablecoins can mean less cash waiting on the sidelines to buy
🔹 Bitcoin miner reserves fell to about 1.19M BTC, the lowest since 2009 (CryptoQuant)
Why it matters: index funds sell the company shares, not $BTC itself. The bigger question is whether treasury companies can keep buying Bitcoin with less passive money behind their stock.
Does an MSCI exit change how you see Bitcoin treasury companies? 👇
(Not financial advice)
📷 Photo: Markus Winkler / Unsplash
