MSCI Drops Strategy From Global Equity Benchmarks
In short
MSCI Inc. has removed Strategy Inc. from its global equity benchmarks. The change could force billions of dollars in stock selling and put more pressure on the way Michael Saylor’s Bitcoin holdings are financed.
What the reporting says
MSCI Inc. has dropped Strategy Inc. from its global equity benchmarks, according to a Mint Markets summary. The move could trigger billions of dollars in stock sales and adds fresh pressure to the financing model behind Michael Saylor’s large Bitcoin holdings.
Why it matters
MSCI Inc. has removed Strategy Inc. from its global equity benchmarks, based on a Mint Markets summary. The reported effect is possible forced selling worth billions of dollars, which could reduce demand for the stock. The report says this also adds pressure to the financing model tied to Michael Saylor’s Bitcoin holdings.