The results are in: kicked out
$BTC
MSCI released its final list after the U.S. market closed last night. Strategy has officially been kicked out of the MSCI USA Index.
The change takes effect at the close on November 30 and will be implemented starting December 1.
It’s not the only one. Metaplanet and Upexi are also on the deletion list. MSCI removed 24 stocks from its U.S. index this time and added just one.
Last year, JPMorgan estimated that MSCI-tracking funds alone would have to sell around $2.8 billion worth of MSTR. Strategy also acknowledged in its third-quarter report that MSCI-tracking funds held 13 million of its shares, or 3.1% of its total shares outstanding.
MSTR closed at 122.35 last night, up 1.06%. After the news broke, it plunged to 118.24 in after-hours trading, down 3.36%.
Let’s be clear: they’re selling shares, not coins. MSCI hasn’t told Strategy to sell a single BTC. The 850,364 coins are still on its books.
The real test comes at the close on November 30, when passive funds must rebalance. Until then, sentiment is driving the price.
Besides, this news was already priced in. MSTR closed at 145.16 on October 28, and has fallen nearly 20% in a month. The market had already priced in the worst-case scenario.
That teaser post at 05:14 asked whether you were betting on it staying or getting kicked out. Now we have the answer: kicked out.
On November 30, do you think MSTR will keep falling, or has the bad news already been priced in?
#MSCI
$BTC
MSCI released its final list after the U.S. market closed last night. Strategy has officially been kicked out of the MSCI USA Index.
The change takes effect at the close on November 30 and will be implemented starting December 1.
It’s not the only one. Metaplanet and Upexi are also on the deletion list. MSCI removed 24 stocks from its U.S. index this time and added just one.
Last year, JPMorgan estimated that MSCI-tracking funds alone would have to sell around $2.8 billion worth of MSTR. Strategy also acknowledged in its third-quarter report that MSCI-tracking funds held 13 million of its shares, or 3.1% of its total shares outstanding.
MSTR closed at 122.35 last night, up 1.06%. After the news broke, it plunged to 118.24 in after-hours trading, down 3.36%.
Let’s be clear: they’re selling shares, not coins. MSCI hasn’t told Strategy to sell a single BTC. The 850,364 coins are still on its books.
The real test comes at the close on November 30, when passive funds must rebalance. Until then, sentiment is driving the price.
Besides, this news was already priced in. MSTR closed at 145.16 on October 28, and has fallen nearly 20% in a month. The market had already priced in the worst-case scenario.
That teaser post at 05:14 asked whether you were betting on it staying or getting kicked out. Now we have the answer: kicked out.
On November 30, do you think MSTR will keep falling, or has the bad news already been priced in?
#MSCI