Strategy’s Bitcoin plan faces November 11 index decision

MSCI’s November 11 announcement could remove Strategy from global equity indexes. The decision puts a source of demand for MSTR shares under scrutiny as the company continues using share sales to finance Bitcoin purchases. Strategy’s next index test arrives on November 11, when MSCI will announce constituent changes that could remove the company from its global equity benchmarks. The company has challenged the eligibility rules and says the effect of deletion would be limited. It estimates relevant index funds hold approximately 13 million MSTR shares, equivalent to 3.1% of its basic shares outstanding.

Source: crypto.news