Starting December 1, Strategy will be kicked out of the MSCI USA and MSCI World indexes. The official reason, translated, is: you look more like an investment fund than a bona fide operating company.
This is harsher than the headline suggests. Strategy had previously warned that its removal could trigger roughly $2.8 billion in stock sales. JPMorgan’s model is even more alarming: if other index providers follow suit, outflows could reach $8.8 billion. Passive funds don’t listen to stories. Once a stock is removed from an index, they have to sell mechanically—no hard feelings.
The irony is that while one door is closing, there’s still a line at the other. Tron Inc. bought another 159,600 TRX today at an average price of $0.3133, bringing its total holdings to 723.5 million. Old money is busy changing the rules to push companies that hold crypto out, while new stocks are still eagerly jumping in.
BTC is languishing below $70,000, and the Fear & Greed Index is at 20. The DAT model has reached a crossroads: index funds used to be a tailwind, but now they’re selling pressure hanging over the market. Before the changes take effect on December 1, MSTR’s price chart will be the report card for the entire crypto-treasury sector.
It’s not the closing of the index door that’s scary. What’s scary is the market no longer being willing to pay a premium for “crypto-hoarding companies.” NFA DYOR
$MSTR $BTC
#比特币 #MSTR #MSCI #DAT #Cryptocurrency
This is harsher than the headline suggests. Strategy had previously warned that its removal could trigger roughly $2.8 billion in stock sales. JPMorgan’s model is even more alarming: if other index providers follow suit, outflows could reach $8.8 billion. Passive funds don’t listen to stories. Once a stock is removed from an index, they have to sell mechanically—no hard feelings.
The irony is that while one door is closing, there’s still a line at the other. Tron Inc. bought another 159,600 TRX today at an average price of $0.3133, bringing its total holdings to 723.5 million. Old money is busy changing the rules to push companies that hold crypto out, while new stocks are still eagerly jumping in.
BTC is languishing below $70,000, and the Fear & Greed Index is at 20. The DAT model has reached a crossroads: index funds used to be a tailwind, but now they’re selling pressure hanging over the market. Before the changes take effect on December 1, MSTR’s price chart will be the report card for the entire crypto-treasury sector.
It’s not the closing of the index door that’s scary. What’s scary is the market no longer being willing to pay a premium for “crypto-hoarding companies.” NFA DYOR
$MSTR $BTC
#比特币 #MSTR #MSCI #DAT #Cryptocurrency