Strategy Sinks Nearly 10% on MSCI News But Saylor Is Still $5B Up
Strategy shares lost 9.6% on Friday in the first full session after MSCI’s index ruling, even though the company’s 848,250 bitcoin still sit about $5 billion above cost. The Breakdown MSCI announced on Oct. 15, after U.S. markets closed, that companies which mainly hold assets rather than run a business will lose index eligibility. Friday […]
Key Takeaways
- Strategy shares lost 9.6% on Friday in the first full session after MSCI’s index ruling, even though the company’s 848,250 bitcoin still sit about $5 billion above cost.
- The Breakdown MSCI announced on Oct.
- markets closed, that companies which mainly hold assets rather than run a business will lose index eligibility.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in DeFi
Bitcoin Treasury Giant Strategy Faces Index Removal Under Finalized MSCI Rules
The index provider will classify “non-operating companies” as ineligible starting Nov. 30, targeting firms whose balance sheets are dominated by a single asset.
Only 18% of Uniswap v3 positions under $1,000 beat holding after gas, study finds
Bitquery’s updated v3 sample shows small positions losing their edge after gas, while v4’s activity data offers no matched return comparison. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst…
MSCI’s new rules could squeeze Strategy’s Bitcoin buying machine
MSCI approved rules threatening Strategy's index membership as its shares trade nearly 69% below their peak. On Oct. 15, the global index provider announced that it would adopt a new methodology excluding companies classified as non-operating businesses from…