Strategy Fights MSCI Proposal That Could Boot It From Global Indexes
MSTR sits 61% above its 52-week low of $81.81.
Summary
Strategy formally opposed MSCI's proposal to exclude companies with low operating assets from its Global Investable Market Indexes, calling it discriminatory against digital asset treasury firms. The company argues the test would spare REITs and energy infrastructure while targeting bitcoin holders like itself, Metaplanet, and Yellow Cake. MSCI's consultation runs through Sept. 30 with a decision by Oct. 16; if adopted, changes take effect in December. Index exclusion could force passive funds to sell MSTR, but Strategy says the impact on its business would be minimal. The stock rose 4.42% Monday to $132.94, and the company also disclosed buying 4,603 BTC last week at an average price of $80,318.
At the time of this announcement, MSTR was trading at $131.41 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $51.1B. The 52-week trading range was $81.81 to $365.21. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: The Block.