MSCI is dropping $MSTR from its #usa Index at the Nov 30 close. Index funds rebalancing out of Strategy sell its shares. That doesn't require Strategy to sell any $BTC .
The link to #bitcoin is what #strategy can raise next and where that money goes. Its Nov 9 filing shows $283.8M in net proceeds from common stock sales. Of that, $81.9M funded Bitcoin purchases and $188.3M went to buying back STRC preferred shares.
The Nov 30 close is the date to watch for equity flows. For $BTC demand, check the next 8-Ks for two numbers: how much Strategy raises from selling shares and how much it actually spends on Bitcoin. Those can move in different directions.
The link to #bitcoin is what #strategy can raise next and where that money goes. Its Nov 9 filing shows $283.8M in net proceeds from common stock sales. Of that, $81.9M funded Bitcoin purchases and $188.3M went to buying back STRC preferred shares.
The Nov 30 close is the date to watch for equity flows. For $BTC demand, check the next 8-Ks for two numbers: how much Strategy raises from selling shares and how much it actually spends on Bitcoin. Those can move in different directions.
