Follow UsStrategy Made $19.5 Billion in Profit. So Why Is MSCI Removing It From Stock Indexes?
Bearish-8.77%
12 Nov, 21:26
Source: Decrypt
AI Summary
MSCI is removing Strategy (MSTR) from major stock indexes due to its heavy Bitcoin treasury focus, raising concerns about potential passive fund outflows and a deceleration in corporate Bitcoin accumulation.
Michael Saylor’s Bitcoin giant is being excluded from major investment benchmarks, raising questions about what qualifies as a business—and whether the decision could slow its Bitcoin buying.