Strategy $MSTRB plunged 9.6% in its first full trading session following MSCI’s proposal to exclude companies primarily holding assets rather than operating businesses from its indexes.
According to reports cited by Odaily and Bitcoin News, Strategy holds 848,250 BTC, acquired at an average price of $75,444 per Bitcoin. Its Bitcoin holdings reportedly remain around $5 billion above their total purchase cost.
Mining stocks, including $MARA , also declined amid broader market weakness and risk-off sentiment in Nasdaq trading.
$MSCI.US is expected to announce its final exclusion
list on November 11, making the decision a key event for Strategy investors. The potential index removal could also affect institutional exposure and market sentiment toward Bitcoin-related equities.