A little more detail on MSCI: even if the list confirms Strategy’s exclusion tomorrow at 06:00, the adjustment won’t take effect until November 30. Passive fund selling will be concentrated around month-end, rather than all hitting the market at once tomorrow.
Also, passive funds will sell $MSTR shares; Strategy won’t directly sell any coins as a result. The main impact on $BTC is that Strategy’s route of issuing shares to buy coins will become narrower.
Also, passive funds will sell $MSTR shares; Strategy won’t directly sell any coins as a result. The main impact on $BTC is that Strategy’s route of issuing shares to buy coins will become narrower.