msci just kicked saylor's strategy out of its indexes and nobody should be surprised
metaplanet is out too, both after the nov 30 close. msci says they look more like funds than operating companies, so trackers have to sell
bear case, the passive bid goes, the mstr premium gets squeezed, and less premium means less cheap capital to buy $BTC . other side, jpmorgan put the forced selling around $2.8b and the date was known for weeks, so a lot is probably front run
im watching if strategy keeps buying into the rebalance and if sharplink stays on the watchlist, cus that drags $ETH treasuries in too
my bet, by dec 1 this is old news for btc, change my mind
#StrategyMetaplanetLoseMSCIIndexMembership
metaplanet is out too, both after the nov 30 close. msci says they look more like funds than operating companies, so trackers have to sell
bear case, the passive bid goes, the mstr premium gets squeezed, and less premium means less cheap capital to buy $BTC . other side, jpmorgan put the forced selling around $2.8b and the date was known for weeks, so a lot is probably front run
im watching if strategy keeps buying into the rebalance and if sharplink stays on the watchlist, cus that drags $ETH treasuries in too
my bet, by dec 1 this is old news for btc, change my mind
#StrategyMetaplanetLoseMSCIIndexMembership
