#strategysharesfall9%onfriday
๐ ๐จ Strategy Shares Fall 9% on Friday!
Shares of Strategy ($MSTR), the largest company holding Bitcoin in its corporate treasury, fell about 9.56% on Friday, October 16, after MSCI announced new rules that could lead to the company being excluded from some global indexes.
โ ๏ธ Why does this matter to the crypto market?
๐ฆ The possibility of the stock being excluded could prompt funds that track these indexes to sell it.
โฟ Bitcoinโs price remains an important factor in the companyโs valuation.
๐ Pressure on Strategy shares doesnโt necessarily mean Bitcoin will fall by the same percentage.
๐ According to reports, a final decision on the companies to be excluded is expected on November 11.
๐ฅ The big question: Is $MSTRโs drop a buying opportunity, or the beginning of a tougher period for companies that rely on Bitcoin?
#Bitcoin #BTC #MSTR #strategy #crypto #BinanceSquare
๐ ๐จ Strategy Shares Fall 9% on Friday!
Shares of Strategy ($MSTR), the largest company holding Bitcoin in its corporate treasury, fell about 9.56% on Friday, October 16, after MSCI announced new rules that could lead to the company being excluded from some global indexes.
โ ๏ธ Why does this matter to the crypto market?
๐ฆ The possibility of the stock being excluded could prompt funds that track these indexes to sell it.
โฟ Bitcoinโs price remains an important factor in the companyโs valuation.
๐ Pressure on Strategy shares doesnโt necessarily mean Bitcoin will fall by the same percentage.
๐ According to reports, a final decision on the companies to be excluded is expected on November 11.
๐ฅ The big question: Is $MSTRโs drop a buying opportunity, or the beginning of a tougher period for companies that rely on Bitcoin?
#Bitcoin #BTC #MSTR #strategy #crypto #BinanceSquare