Mi Ge has a concrete update to start with: MSCI has actually taken action this time—it’s no longer just saying Strategy “may be removed.” In the review list released on November 11, Strategy was officially marked for removal. The change takes effect after the market closes on November 30, and starting December 1, it will no longer be in the MSCI USA Index. It will also be removed from the World and All Country indexes. Japan’s Metaplanet is being removed at the same time.
Let’s check the numbers first: Strategy still holds 850,364 BTC, at an average price of about $75,456, for a total cost of $64.16 billion. Bitcoin is currently trading around $72,800, still below that cost basis, while the 200-day moving average—about $73,147—is just underfoot. Strategy disclosed that funds tracking MSCI hold about 13 million shares, or roughly 3.1% of its basic share capital. At $122.35 per share, that’s about $1.59 billion—well below JPMorgan’s earlier estimate of a maximum $2.8 billion in passive selling.
But one thing needs to be clear: removal from an index doesn’t mean delisting. Nasdaq trading will continue as usual, and MSCI hasn’t asked Strategy to sell its coins. What’s being sold is the stock held by index funds—not those 850,000 BTC. Mi Ge’s take is simple: in the short term, the pressure is on the share price and the premium used to buy more bitcoin, not on bitcoin itself. How that $2.8 billion gets sold before November 30 is the real test. What do you think—will BTC get dragged down when MSTR takes this hit, or can it absorb the news?
#Strategy确认遭MSCI剔除11月30日生效
Let’s check the numbers first: Strategy still holds 850,364 BTC, at an average price of about $75,456, for a total cost of $64.16 billion. Bitcoin is currently trading around $72,800, still below that cost basis, while the 200-day moving average—about $73,147—is just underfoot. Strategy disclosed that funds tracking MSCI hold about 13 million shares, or roughly 3.1% of its basic share capital. At $122.35 per share, that’s about $1.59 billion—well below JPMorgan’s earlier estimate of a maximum $2.8 billion in passive selling.
But one thing needs to be clear: removal from an index doesn’t mean delisting. Nasdaq trading will continue as usual, and MSCI hasn’t asked Strategy to sell its coins. What’s being sold is the stock held by index funds—not those 850,000 BTC. Mi Ge’s take is simple: in the short term, the pressure is on the share price and the premium used to buy more bitcoin, not on bitcoin itself. How that $2.8 billion gets sold before November 30 is the real test. What do you think—will BTC get dragged down when MSTR takes this hit, or can it absorb the news?
#Strategy确认遭MSCI剔除11月30日生效