WHAT IS HAPPENING WITH MICROSTRATEGY (MSTR)?

🔸 MSCI – a major provider of stock indices – is considering removing companies whose Bitcoin holdings account for 50% or more of their assets
🔸 MicroStrategy (MSTR) is affected because the value of their Bitcoin holdings exceeds that of their traditional business assets
🔸 If removed from the index, funds tracking MSCI would be forced to sell MSTR shares
🔸 JPMorgan estimates that at least $2.8 billion worth of MSTR shares could be sold automatically, potentially rising to $8.8 billion if other index providers follow suit
🔸 This could put downward pressure on the stock price and make it harder for MSTR to raise capital in the future

MICHAEL SAYLOR RESPONDS: MICROSTRATEGY IS NOT A BITCOIN HOLDING FUND

🔸 Michael Saylor says MicroStrategy is not an ETF, not a passive holding fund, but a software company with a Bitcoin financial strategy
🔸 This year, MicroStrategy has issued 5 types of Bitcoin-backed securities and debt instruments: $STRK, $STRF, $STRD, $STRC and $STRE
🔸. At the same time, they launched Stretch ($STRC) – a Bitcoin-based lending product that pays monthly interest in USD
🔸 Saylor affirms that no passive fund can do this#TopGainersInADownMarket #FOMCMeetingMinutesComingUp #ShowMyAlphaPoints $BTC $ETH