MSCI moves to remove Strategy from stock indexes despite $19.5 billion profit
MARKETSMSCIcoinbrief/daily · 1 source
- Severity
- Medium
- Sources
- 1
What happened
Strategy, the company led by Michael Saylor that holds a large amount of Bitcoin, is being removed from some major stock market indexes. The company reported a $19.5 billion profit, which has raised questions about what counts as a business for these indexes.
Like I’m new · Written by AI from 1 source · Wrong?
What to do
- Watch for the effective date of the MSCI removal, which the article does not specify.
- Watch for any signs that the index exclusion slows Strategy's Bitcoin purchases.
Written by AI from the sources, checked against them
Full story timeline · 1 update
Who reported · 1 outlet
Decrypt