Markets· ★★★★· bearish·

Strategy Shares Sink 9.6% on MSCI Ruling, but Bitcoin Stash Still Up $5B

  • —MSTR fell 9.56% to $136.83 on 31.8 million shares, 1.44x its normal volume
  • —Strategy holds 848,250 BTC bought for $64 billion at an average of $75,444 per coin
  • —STRC closed at $97.72, its lowest since Sept. 16; STRK dropped 3.5% to $71.24
  • —MSCI publishes its final deletion list Nov. 11, with changes effective after the Nov. 30 close
Why it matters: Removal from MSCI indexes could trigger about $2.8 billion in passive outflows, JPMorgan estimates, pressuring Strategy and other bitcoin treasury companies.
#BTC
Source: Bitcoin.com
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Fundstrat: MSCI exclusion risk for Strategy largely priced in, bitcoin seen at $95K–100K by year-end