Michael Saylor: Strategy in Discussions with MSCI Regarding Potential Index Removal

On December 3, Reuters reported that Michael Saylor stated Strategy is in talks with MSCI about a potential removal from its indices. The index provider will announce its decision on January 15. A JPMorgan report last month noted that if other index providers follow suit with removals, it could trigger massive outflows of up to $8.8 billion. Strategy currently holds positions in the MSCI USA and MSCI World indices, with a portion of its market value linked to benchmarks via passive tools like ETFs. JPMorgan added in the report that a removal would raise market concerns about the company’s costs and its ability to secure future equity and debt financing. When asked about communications with MSCI, Saylor said, “We’re engaged in this process,” and noted he’s “unsure” if JPMorgan’s outflow figure is accurate. Saylor also addressed Bitcoin’s recent price drop. The crypto peaked above $120,000 in October this year, driven by former U.S. President Trump’s friendly stance and favorable global regulatory shifts, before plummeting sharply. In recent weeks, caution around high-risk assets—fueled by AI bubble fears, elevated tech valuations, and broad economic uncertainty—has cooled Bitcoin’s rally. Strategy’s stock has fallen more than 37% year-to-date. Speaking at a Binance event in Dubai, Saylor said, “This stock is highly volatile because the company is built on Bitcoin leverage. If Bitcoin drops 30% or 40%, the stock will fall even more—since the stock itself is leveraged.”