🚨 BREAKING: MSCI just kicked Strategy out of its indexes — the verdict is in.
MSCI confirmed late Wednesday that Strategy — holder of 850,364 Bitcoin, over 4% of all $BTC that will ever exist — will be deleted from the MSCI USA, World and ACWI indexes after the close on November 30. Metaplanet and Upexi were deleted too; Ethereum treasury firm Sharplink is on a watchlist.
Strategy's shares fell about 2.5% in after-hours trading to near $119. Passive funds must sell an estimated $1.57–$2.8 billion of the stock by November 30 — and J.P. Morgan warns it could reach $8.8 billion if other index providers follow MSCI's lead.
The buying machine is already slowing. Last week, only 28.9% of the cash Strategy raised — $81.9 million — actually went into Bitcoin, while $188 million went to preferred-stock buybacks. Its market value to net asset value has compressed to just 1.08x, barely above its Bitcoin. With $BTC near $73,750, below Strategy's $75,456 average cost, every new buy comes at a paper loss.
Yet $BTC is holding up near $73,750, with $ETH near $2,056, and ETF outflows slowed to $95 million on Tuesday — the fourth straight day of selling, but the smallest yet. Fear & Greed sits at 28, deep in Fear, while Zcash — the crowd's favourite refuge this week — hovers near $1,000.
My take: the verdict removes the uncertainty, not the selling. Nothing forces Strategy to sell a single Bitcoin — the 850,364 coins stay put. What it removes is the permanent, price-insensitive buyer index inclusion gave the stock. If the premium keeps compressing, the equity-funded buying that absorbed billions in Bitcoin supply slows with it.
Levels to watch: support at $72,700–$73,000, then $70,000. Resistance at $74,500, then $76,100 — the 50-week average that must be reclaimed to turn this market around.
Do you think the MSCI exit breaks the Strategy premium for good — or is this the dip buyers have been waiting for?
Source: Reuters / Cointelegraph, 12 Nov 2026
Follow for daily crypto updates.
#Bitcoin #Crypto #BTC
Not financial advice.
MSCI confirmed late Wednesday that Strategy — holder of 850,364 Bitcoin, over 4% of all $BTC that will ever exist — will be deleted from the MSCI USA, World and ACWI indexes after the close on November 30. Metaplanet and Upexi were deleted too; Ethereum treasury firm Sharplink is on a watchlist.
Strategy's shares fell about 2.5% in after-hours trading to near $119. Passive funds must sell an estimated $1.57–$2.8 billion of the stock by November 30 — and J.P. Morgan warns it could reach $8.8 billion if other index providers follow MSCI's lead.
The buying machine is already slowing. Last week, only 28.9% of the cash Strategy raised — $81.9 million — actually went into Bitcoin, while $188 million went to preferred-stock buybacks. Its market value to net asset value has compressed to just 1.08x, barely above its Bitcoin. With $BTC near $73,750, below Strategy's $75,456 average cost, every new buy comes at a paper loss.
Yet $BTC is holding up near $73,750, with $ETH near $2,056, and ETF outflows slowed to $95 million on Tuesday — the fourth straight day of selling, but the smallest yet. Fear & Greed sits at 28, deep in Fear, while Zcash — the crowd's favourite refuge this week — hovers near $1,000.
My take: the verdict removes the uncertainty, not the selling. Nothing forces Strategy to sell a single Bitcoin — the 850,364 coins stay put. What it removes is the permanent, price-insensitive buyer index inclusion gave the stock. If the premium keeps compressing, the equity-funded buying that absorbed billions in Bitcoin supply slows with it.
Levels to watch: support at $72,700–$73,000, then $70,000. Resistance at $74,500, then $76,100 — the 50-week average that must be reclaimed to turn this market around.
Do you think the MSCI exit breaks the Strategy premium for good — or is this the dip buyers have been waiting for?
Source: Reuters / Cointelegraph, 12 Nov 2026
Follow for daily crypto updates.
#Bitcoin #Crypto #BTC
Not financial advice.
