#strategy遭msci剔除，融资增持比特币或受阻
$BTC What does this MicroStrategy index removal mean for Bitcoin?
First, let's be clear: passive funds are selling MSTR stock, not Bitcoin itself.
Even if MSTR is removed from the index, the 848,000 bitcoins it holds won't be liquidated. So a huge volume of spot Bitcoin won't suddenly hit the market, and there won't be direct selling pressure in the short term. That's one thing you can put your mind at ease about.
The real impact comes later: MSTR has been able to keep making large Bitcoin purchases thanks to this cycle: “strong share price → issuing new shares to raise funds → buying more Bitcoin.”
After it's removed from the index, around $1.57–2.8 billion in passive investment will gradually flow out. The share price could weaken and its premium could narrow, making it harder to raise money by issuing new shares to buy Bitcoin.
Put simply, it's not about selling Bitcoin today. It's that future major buyers may not be as aggressive, so buying pressure will weaken over the long term.
In the short term, market sentiment will certainly take a hit. After all, MSTR has long been a “beacon of faith” for Bitcoin. Around the time the news breaks, BTC will likely fluctuate along with MSTR's share price.
But look at it another way: if this really happens, once the short-term panic has passed, the bad news will be out in the open and the uncertainty will be reduced. Besides, MSTR has already been slowing its pace of Bitcoin purchases lately, so the impact is more marginal than fundamental. It doesn't mean Bitcoin's fundamentals have suddenly run into major trouble.
$BTC What does this MicroStrategy index removal mean for Bitcoin?
First, let's be clear: passive funds are selling MSTR stock, not Bitcoin itself.
Even if MSTR is removed from the index, the 848,000 bitcoins it holds won't be liquidated. So a huge volume of spot Bitcoin won't suddenly hit the market, and there won't be direct selling pressure in the short term. That's one thing you can put your mind at ease about.
The real impact comes later: MSTR has been able to keep making large Bitcoin purchases thanks to this cycle: “strong share price → issuing new shares to raise funds → buying more Bitcoin.”
After it's removed from the index, around $1.57–2.8 billion in passive investment will gradually flow out. The share price could weaken and its premium could narrow, making it harder to raise money by issuing new shares to buy Bitcoin.
Put simply, it's not about selling Bitcoin today. It's that future major buyers may not be as aggressive, so buying pressure will weaken over the long term.
In the short term, market sentiment will certainly take a hit. After all, MSTR has long been a “beacon of faith” for Bitcoin. Around the time the news breaks, BTC will likely fluctuate along with MSTR's share price.
But look at it another way: if this really happens, once the short-term panic has passed, the bad news will be out in the open and the uncertainty will be reduced. Besides, MSTR has already been slowing its pace of Bitcoin purchases lately, so the impact is more marginal than fundamental. It doesn't mean Bitcoin's fundamentals have suddenly run into major trouble.
