Strategy Stock Hits One-Month Low Ahead of MSCI Index Decision on October 16
- —MSTR dropped 5.87% to $143 on October 14, confirming a sell signal
- —MSCI will announce its decision on new criteria on October 16, with removal possible after the November rebalancing
- —JPMorgan warned exclusion could trigger $2.8 billion in passive fund outflows
- —Strategy still holds $4.5 billion in unrealized profit on its Bitcoin holdings
Why it matters: Removal from MSCI indexes could trigger passive fund outflows and add pressure on crypto treasury company stocks.
Source: CoinGape