Saylor Responds To Strategy’s Potential Exclusion From Key Indices Amid Bitco...
NewsBTC reported on Thursday that Strategy, formerly known as MicroStrategy, led by Michael Saylor, is facing increased scrutiny regarding its potential exclusion from major indices, such as MSCI USA and the Nasdaq 100. This arises from the firm’s substantial exposure to Bitcoin (BTC). While the cryptocurrency market was buoyant for much of the year, Saylor’s […]
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Concerns regarding the potential exclusion of Strategy (MSTR) from the MSCI index emerged last week, with estimates from JPMorgan analysts indicating that such a move could result in approximately $2 billion to $8 billion in outflows. Amid mounting concerns within the crypto community, Michael Saylor confirmed that the company is in discussions with MSCI regarding […]
Michael Saylor’s Strategy, formerly known as MicroStrategy, has found itself significantly exposed to the ongoing downturn in the cryptocurrency market, which has seen more than $1 trillion in total market capitalization wiped out over the past month. As the largest public holder of Bitcoin, with over 650,000 coins, the company is now facing the real threat of being removed from major benchmark indices, which have been crucial for its visibility in mainstream portfolios. Analysts Predict Major Impact On Strategy According to a recent Bloomberg report, analysts at JPMorgan Chase....
Strategy, formerly known as MicroStrategy, the largest public holder of Bitcoin (BTC), finds itself at the center of a stormy controversy involving JPMorgan as Bitcoin prices continue to struggle. With signs of a potential bear market emerging, fresh rumors suggest that one of the world’s largest banks allegedly holds a significant short position on Strategy’s stock (MSTR), which has plunged 69% from its record high of $543 per share last year. Strategy Faces Potential MSCI Exclusion The turmoil escalated last week when JPMorgan issued a warning that Strategy might soon be removed from....
Strategy Chairman Michael Saylor told investors that his company is not looking to buy peer Bitcoin treasury firms, saying such deals often take too long and carry too much uncertainty. Related Reading: IBM Unveils Digital Asset Haven For Banks And Governments – Details Strategy’s Focus Remains On Buying Bitcoin According to Strategy’s third-quarter earnings call, […]
Strategy’s CEO, Michael Saylor, has built a $7.37B fortune off of Bitcoin hoarding, cracking Bloomberg’s Billionaire 500 list, and sparking talks of a potential S&P 500 inclusion for the company. As Strategy keeps stacking Bitcoin, interest in Bitcoin Hyper ($HYPER) is growing, promising to be the key to faster and cheaper Bitcoin transactions. Saylor’s Bitcoin […]