Strategy Shares Drop 4% After MSCI Flags Possible Index Removal

Strategy Posts $8.22B Q2 Unrealized Loss as Bitcoin Price Falls Below Cost Basis

The post Strategy Shares Drop 4% After MSCI Flags Possible Index Removal appeared first on Coinpedia Fintech News

Shares of Strategy, the largest corporate holder of Bitcoin, fell 4% after index provider MSCI warned the company could be removed from one of its global indices. Exclusion from a major MSCI benchmark would force passive funds that track the index to sell the stock, potentially triggering outflows worth billions of dollars. MSCI has been …

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