This week, besides Huang, the one having the hardest time is Saylor @saylor.
@MSCI_Inc will announce its exclusion list tomorrow, and Strategy $MSTR will most likely be on it. The change takes effect after the market closes on November 30. JPMorgan previously estimated around $2.8 billion in selling pressure.
Even more painful is the financing: without index funds as a steady source of buying, issuing shares at a premium to buy crypto will only get harder and harder.
Saylor: No big deal. Worst comes to worst, I’ll just sell a few more shares? 🤫
@MSCI_Inc will announce its exclusion list tomorrow, and Strategy $MSTR will most likely be on it. The change takes effect after the market closes on November 30. JPMorgan previously estimated around $2.8 billion in selling pressure.
Even more painful is the financing: without index funds as a steady source of buying, issuing shares at a premium to buy crypto will only get harder and harder.
Saylor: No big deal. Worst comes to worst, I’ll just sell a few more shares? 🤫
