Strategy Shares Drop 4% After MSCI Flags Possible Index Removal
Photo: Coinpedia
Shares of Strategy, the largest corporate holder of Bitcoin, fell 4% after index provider MSCI warned the company could be removed from one of its global indices. Exclusion from a major MSCI benchmark would force passive funds that track the index to sell the stock, potentially triggering outflows worth billions of dollars. MSCI has been reviewing how to classify companies whose balance sheets are dominated by digital assets, questioning whether they function more like operating businesses or investment vehicles.
Source: Coinpedia
