📉 TODAY IT WILL BE DECIDED WHETHER STRATEGY LEAVES THE MSCI INDICES
Take a look at what’s at stake today for Strategy, the company that holds the most Bitcoin in the world. MSCI, the firm that creates the indices tracked by major investment funds, publishes its final list today, and Strategy has already said it expects to be excluded. If that’s confirmed, funds tracking those indices would have to sell around $2.8 billion worth of shares, according to JPMorgan.
To me, the most striking thing is that $BTC is at $73,774, below the average price Strategy paid for its bitcoins. That said, the company wouldn’t sell its bitcoins; only its shares would be removed from the index.
Do you think this will affect the price of $BTC , or has the market already priced it in?
#Bitcoin
Take a look at what’s at stake today for Strategy, the company that holds the most Bitcoin in the world. MSCI, the firm that creates the indices tracked by major investment funds, publishes its final list today, and Strategy has already said it expects to be excluded. If that’s confirmed, funds tracking those indices would have to sell around $2.8 billion worth of shares, according to JPMorgan.
To me, the most striking thing is that $BTC is at $73,774, below the average price Strategy paid for its bitcoins. That said, the company wouldn’t sell its bitcoins; only its shares would be removed from the index.
Do you think this will affect the price of $BTC , or has the market already priced it in?
#Bitcoin
