9.5%, 848,000 coins, $2.8 billion—MSCI announced a new rule on Thursday, and MicroStrategy (MSTR) got hammered on Friday: with 848,000 $BTC making up most of its assets, it was classified as a “non-operating company.” The list of companies to be removed will be announced on November 11, with the change taking effect on November 30. JPMorgan estimates passive funds will be forced to sell $2.8 billion worth.
A business that hoarded coins its way into an index constituent can’t even stay in the index now: A) This is an overreaction—buy the dip; B) Get out before the passive selling even starts. With $BTC still hovering around 81,000, which one are you choosing?
#微策略 #MSCI Index
A business that hoarded coins its way into an index constituent can’t even stay in the index now: A) This is an overreaction—buy the dip; B) Get out before the passive selling even starts. With $BTC still hovering around 81,000, which one are you choosing?
#微策略 #MSCI Index