🚨 A blow to the institutional darling of #bitcoin
MSCI removes #strategy from its indices and sets off a $1.6 billion liquidity bomb
Index provider MSCI has officially confirmed the removal of Strategy #MSTR , the company led by #MichaelSaylor , from its global benchmarks. This move represents a major institutional shock for the company known for accumulating #BTC and triggers massive selling pressure before the end of the month.
Effective date: The official removal will take effect after the market closes on November 30.
Volume at risk: Index funds linked to MSCI hold around 13 million shares in the company, equivalent to 3.1% of its total share capital.
Financial impact: Based on the closing price of USD 122.35 per share, the move will trigger an estimated $1.6 billion sell-off, representing approximately 60% of the stock's trading liquidity on a typical day.
$MSTRB
$MSTR
MSCI removes #strategy from its indices and sets off a $1.6 billion liquidity bomb
Index provider MSCI has officially confirmed the removal of Strategy #MSTR , the company led by #MichaelSaylor , from its global benchmarks. This move represents a major institutional shock for the company known for accumulating #BTC and triggers massive selling pressure before the end of the month.
Effective date: The official removal will take effect after the market closes on November 30.
Volume at risk: Index funds linked to MSCI hold around 13 million shares in the company, equivalent to 3.1% of its total share capital.
Financial impact: Based on the closing price of USD 122.35 per share, the move will trigger an estimated $1.6 billion sell-off, representing approximately 60% of the stock's trading liquidity on a typical day.
$MSTRB
$MSTR
