Strategy’s variable-rate perpetual stock, STRC, has remained below its $100 parity for five months despite repeated purchases worth hundreds of millions of dollars. According to NS3.AI, STRC has traded below parity since May 15. MSCI announced that MSTR is considered a “non-operating business” and will be delisted from its Global Investable Market Indexes. Strategy is due to report third-quarter results on October 29.