Strategy Sinks Nearly 10% on MSCI News But Saylor Is Still $5B Up
Strategy shares lost 9.6% on Friday in the first full session after MSCI’s index ruling, even though the company’s 848,250 bitcoin still sit about $5 billion above cost. The Breakdown MSCI announced on Oct. 15, after U.S. markets closed, that companies which mainly hold assets rather than run a business will lose index eligibility. Friday […]
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Strategy shares lost 9.6% on Friday in the first full session after MSCI’s index ruling, even though the company’s 848,250 bitcoin still sit about $5 billion above cost. The Breakdown MSCI announced on Oct. 15, after U.S. markets closed, that companies which mainly hold assets rather than run a business will lose index eligibility. Friday […]
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