⚠️ MSCI just kicked Strategy out of its big stock indexes!
Strategy — the biggest corporate Bitcoin holder with 850,364 $BTC — leaves the MSCI USA Index at the Nov 30 close.
Funds that copy the index must sell about $2.8B of Strategy shares by then. And Bitcoin now trades below Strategy's average cost of $75,456.
The good news: nothing forces Strategy to sell a single Bitcoin.
Does this hurt Bitcoin's biggest buyer — or is it just noise? 👇
#bitcoin #BTC #strategy
Strategy — the biggest corporate Bitcoin holder with 850,364 $BTC — leaves the MSCI USA Index at the Nov 30 close.
Funds that copy the index must sell about $2.8B of Strategy shares by then. And Bitcoin now trades below Strategy's average cost of $75,456.
The good news: nothing forces Strategy to sell a single Bitcoin.
Does this hurt Bitcoin's biggest buyer — or is it just noise? 👇
#bitcoin #BTC #strategy
