Bitcoin dips just 1% despite risk of up to $2.8 billion in forced Strategy selling

Strategy’s potential removal from MSCI indexes could trigger up to $2.8 billion in stock sales, but the more consequential risks for Bitcoin may be reduced purchasing capacity at the company and the precedent set for other index providers. In a video released on October 19, Bitcoin analyst Joe Consorti said the potential MSCI removal could lead to as much as $2.8 billion in Strategy share sales while having limited direct impact on the Bitcoin market. A falling share price, however, could weaken the company’s ability to fund further Bitcoin purchases.

Source: TokenPost