It made $19.5 billion in profits, yet got kicked out of an index? Strategy just ran into something this absurd.
MSCI wants to remove it from its stock indexes. After the news broke, the share price fell 5%, while $BTC kept sliding toward $71,000. The profit figures are right there, but index rules don’t care—that contrast is the point. $19.5 billion in profit made no difference under the index rules.
Even more interesting is what happened on the other side: Jane Street’s latest holdings show a 53.8% increase, bringing its position to 4.119 million shares. On one side, the index wants it out; on the other, Jane Street is adding to its position. Put those two moves together, and it makes quite a picture.
In the same time window, the market’s reaction split in two: on the price side, the share price fell 5% and $BTC slid toward $71,000; on the holdings side, the position grew 53.8%, taking the share count to 4.119 million.
My take: being removed from an index triggers mechanical fund flows; it doesn’t mean the company’s fundamentals have weakened. But the short-term selling pressure is real, so don’t conflate the two. I’m not calling a trade—I’m just reminding you to distinguish sentiment from logic.
Which side are you on: is being dropped bad news for Strategy, or has the market unfairly punished it?
See the image for today’s other highlights 👆
⚠️ Not investment advice · DYOR
#CryptoMorningBrief #Strategy #Bitcoin
MSCI wants to remove it from its stock indexes. After the news broke, the share price fell 5%, while $BTC kept sliding toward $71,000. The profit figures are right there, but index rules don’t care—that contrast is the point. $19.5 billion in profit made no difference under the index rules.
Even more interesting is what happened on the other side: Jane Street’s latest holdings show a 53.8% increase, bringing its position to 4.119 million shares. On one side, the index wants it out; on the other, Jane Street is adding to its position. Put those two moves together, and it makes quite a picture.
In the same time window, the market’s reaction split in two: on the price side, the share price fell 5% and $BTC slid toward $71,000; on the holdings side, the position grew 53.8%, taking the share count to 4.119 million.
My take: being removed from an index triggers mechanical fund flows; it doesn’t mean the company’s fundamentals have weakened. But the short-term selling pressure is real, so don’t conflate the two. I’m not calling a trade—I’m just reminding you to distinguish sentiment from logic.
Which side are you on: is being dropped bad news for Strategy, or has the market unfairly punished it?
See the image for today’s other highlights 👆
⚠️ Not investment advice · DYOR
#CryptoMorningBrief #Strategy #Bitcoin
