Strategy’s co-founder Michael Saylor addresses concerns over potential exclusion from equity indices, emphasizing the company’s unique business model amidst share price fluctuations. Strategy’s shares have dropped 42% in the past month to $175, surpassing Bitcoin’s decline. MSCI to decide on treatment of crypto treasury firms on Jan 15.
Strategy’s market cap falls below Bitcoin holdings value, hindering fundraising. MSCI debates criteria for crypto treasury firms, including those with digital assets representing over 50% of total assets. Strategy shifts from issuing common shares to preferred shares with dividend payments. MSCI decision on Jan 15.
Michael Saylor highlights Strategy’s new products and commitment to innovation in capital markets and software. He reaffirms the company’s unwavering dedication to Bitcoin, stating that index classification does not define Strategy. Strategy’s Bitcoin worth $55 billion, down from nearly $80 billion on Oct. 7.
Strategy, previously added to Nasdaq-100, saw $2.1 billion in net buying after the inclusion. Despite qualifying for S&P 500, Strategy was passed over for inclusion. Myriad prediction market shows only 6% believe Strategy will sell Bitcoin this year. Robinhood joins S&P 500, while Coinbase was added in May.
Read more at Yahoo Finance: Strategy’s $55 Billion Bitcoin Bet Undeterred by Index Delisting Concerns, Says Michael Saylor
