MicroStrategy (MSTR) saw its decline widen to 6.46%
57 minutes ago
According to market data from BIT (bit.com), Strategy (MSTR) has extended its decline to 6.46%, currently trading at $141.5. On the news front, MSCI plans to adopt new rules that screen out companies whose asset structures and operational characteristics are closer to investment funds than traditional operating enterprises, based on tests of operating asset ratios and multiple financial metrics. Strategy, due to its extremely high proportion of Bitcoin assets, has been included in the watchlist of potential removals. The final affected list is expected to be announced on November 11. Market participants believe that if MSTR is excluded from MSCI-related indices, passive funds tracking these indices will be forced to reduce their holdings of the stock, potentially creating billions of dollars in selling pressure and posing a challenge to its model of continuously increasing Bitcoin holdings through equity financing.
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