MSCI to Drop Strategy From Its Index, Potentially Hitting Its Bitcoin-Buying Machine
Key Highlights: MSCI-tracking funds may need to sell an estimated 13 million Strategy shares, equal to about 3.1% of shares outstanding. The potential selling represents less than one typical trading day and is valued at roughly $1.6 billion based on Wednesday’s prices. Analysts warn that reduced passive index demand could pressure Strategy’s mNAV premium and ...