MSCI Confirms Strategy Exits Its Indexes After Nov. 30
• MSCI will delete Strategy (MSTR) from MSCI USA after the Nov. 30 close, plus World and ACWI, under October rules for "non-operating companies"
• Strategy estimates MSCI-tracking funds hold ~13M shares (3.1% of the stock) and calls it manageable; shares fell ~5%
• Last quarter's $19.5B net income came almost entirely from the paper value of its Bitcoin
Passive selling is a real overhang for the biggest BTC proxy, and Wintermute says no one has sized it. It hits the stock, not Bitcoin directly, but sentiment spills over. Not financial advice, DYOR.
$BTC
• MSCI will delete Strategy (MSTR) from MSCI USA after the Nov. 30 close, plus World and ACWI, under October rules for "non-operating companies"
• Strategy estimates MSCI-tracking funds hold ~13M shares (3.1% of the stock) and calls it manageable; shares fell ~5%
• Last quarter's $19.5B net income came almost entirely from the paper value of its Bitcoin
Passive selling is a real overhang for the biggest BTC proxy, and Wintermute says no one has sized it. It hits the stock, not Bitcoin directly, but sentiment spills over. Not financial advice, DYOR.
$BTC
