PANews January 8 News, according to CryptoSlate, the global stock and ETF market benchmark provider MSCI has announced that it will temporarily not remove Bitcoin treasury company Strategy. However, a hidden clause, “MSCI will not implement any increases to the Number of Shares (NOS)MSCI will not execute any increase operations for this security’s share count (NOS),” has attracted community attention. This clause means that shares issued through ATM by Strategy will not be included in the MSCI index weight, nor will they trigger passive fund purchases. In other words, MSCI recognizes the existence of cryptocurrency reserve stocks but refuses to continue providing passive capital for ATM issuance. Even if Strategy issues more shares, passive funds will not follow to buy, cutting off incremental capital and breaking the “infinite capital cycle” where Strategy relies on issuing new shares to buy Bitcoin, which is then forcibly bought by ETFs to support the stock price. It is reported that besides Strategy, other potential affected Bitcoin treasury companies include Metaplanet and Capital B.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Strategy seeks another $44.1B to accelerate Bitcoin buying
Michael Saylor’s Strategy has announced several capital-raising programs totaling $44.1 billion to fund Bitcoin purchases, including the sale of common shares and two of its dividend-paying equity vehicles.
Strategy plans to raise up to $21 billion by selling Strategy (MSTR) stock and another $21 b
CointelegraphJust Now
Yesterday, the US Bitcoin spot ETF experienced net inflows of $167 million, with BlackRock's IBIT contributing the majority of the inflows.
Gate News reported that on March 24, according to crypto analyst Trader T's monitoring, the U.S. Bitcoin spot ETF had a net inflow of $167.46 million yesterday (March 23). Among these, BlackRock's IBIT had a net inflow of $161.04 million, accounting for the majority of total inflows; Fidelity's FBTC had a net inflow of $41.7 million; ARK Invest's ARKB had a net outflow of $9.41 million; Grayscale
GateNews19m ago
CoinShares Files for First Bitcoin Volatility ETF – CBIX: Crypto's Version of the Fear Index
CoinShares has submitted an application to the U.S. SEC for a Bitcoin Volatility ETF (ticker: CBIX), a product that tracks Bitcoin price volatility, similar to the VIX fear index in traditional markets. CBIX would allow investors to profit from Bitcoin market volatility and expand CoinShares' product lineup in the United States.
動區BlockTempo21m ago
‘Bitcoin Standard’ author explores reality where decentralized gold stopped WWI
Author of _The Bitcoin Standard_, Saifedean Ammous, believes that fiat is the central problem plaguing society. "The 20th century is just an enormous amount of wealth being taken away from people who produced it and being sent to the meat grinder of war. And this is what fiat does," he told
Cointelegraph26m ago
