#strategysharesfall9%onfriday
MSTR -9.6%, BTC -0.8%. This was a stock-specific shock, not a Bitcoin selloff. 🧩
What happened ✅
• MSCI adopted its “non-operating company” rule (no longer just a proposal)
• MSTR: $151.29 → $136.83 (-9.56%)
• Affected-firm list: Nov 11. Effective after the Nov 30 close
How the test works
Pass if >50% of assets are operating. If not, five tests (operating assets, expenses, cash flow, valuation, capital raising); failing 4+ means ineligible. A May-2026 dry run flagged Strategy, Metaplanet, Yellow Cake.
What’s NOT decided ⚠️
• Strategy isn’t removed yet
• JPMorgan’s $2.8B outflow estimate is old; Strategy says index funds hold only ~3.1% of its shares
• Removal means funds sell the stock, not that Strategy must sell BTC
My read: the real risk is a harder time raising equity to buy BTC. I’m watching Nov 11 and Strategy’s access to financing, not one daily candle.
Overreaction or re-rating? 👇
Not financial advice. DYOR.
#MSCI #MSTR #Bitcoin
$MSTRB
$BTC
$MSCI.US
MSTR -9.6%, BTC -0.8%. This was a stock-specific shock, not a Bitcoin selloff. 🧩
What happened ✅
• MSCI adopted its “non-operating company” rule (no longer just a proposal)
• MSTR: $151.29 → $136.83 (-9.56%)
• Affected-firm list: Nov 11. Effective after the Nov 30 close
How the test works
Pass if >50% of assets are operating. If not, five tests (operating assets, expenses, cash flow, valuation, capital raising); failing 4+ means ineligible. A May-2026 dry run flagged Strategy, Metaplanet, Yellow Cake.
What’s NOT decided ⚠️
• Strategy isn’t removed yet
• JPMorgan’s $2.8B outflow estimate is old; Strategy says index funds hold only ~3.1% of its shares
• Removal means funds sell the stock, not that Strategy must sell BTC
My read: the real risk is a harder time raising equity to buy BTC. I’m watching Nov 11 and Strategy’s access to financing, not one daily candle.
Overreaction or re-rating? 👇
Not financial advice. DYOR.
#MSCI #MSTR #Bitcoin
$MSTRB
$BTC
$MSCI.US