Strategy's index verdict lands tonight. Here are the dates that matter for $BTC treasuries.
• Tonight, ~22:00 UTC (5pm ET): MSCI publishes its final list of "non-operating companies". Strategy was already flagged as a deletion candidate in the preliminary list.
• Nov 30, at the close: any removals take effect, and funds tracking MSCI indexes must sell at that closing price.
• Dec 1: the first session outside the index, if MSTR is cut.
Numbers to hold onto: MSTR closed at $121.07 on Nov 10, vs $145.16 on Oct 28 (Bitcoin.com). JPMorgan's $2.8B forced-selling estimate is a year old and was made under MSCI's earlier proposal, so treat it as a ceiling, not a forecast.
My read: this is a hit to Strategy's stock, not to its 850,364 BTC. Nobody has to sell coins because of an index rule. The real question is whether weaker demand for MSTR shares slows the machine that funds its buying.
If the cut is confirmed, do you think it's already priced in? Not financial advice.
#MSCI #Strategy #Bitcoin
Disclosure: Write to Earn may pay me a commission on cashtag trades.
• Tonight, ~22:00 UTC (5pm ET): MSCI publishes its final list of "non-operating companies". Strategy was already flagged as a deletion candidate in the preliminary list.
• Nov 30, at the close: any removals take effect, and funds tracking MSCI indexes must sell at that closing price.
• Dec 1: the first session outside the index, if MSTR is cut.
Numbers to hold onto: MSTR closed at $121.07 on Nov 10, vs $145.16 on Oct 28 (Bitcoin.com). JPMorgan's $2.8B forced-selling estimate is a year old and was made under MSCI's earlier proposal, so treat it as a ceiling, not a forecast.
My read: this is a hit to Strategy's stock, not to its 850,364 BTC. Nobody has to sell coins because of an index rule. The real question is whether weaker demand for MSTR shares slows the machine that funds its buying.
If the cut is confirmed, do you think it's already priced in? Not financial advice.
#MSCI #Strategy #Bitcoin
Disclosure: Write to Earn may pay me a commission on cashtag trades.