MSCI kept Strategy in its indices but froze index weight from new share issuance.
Strategy shares jumped on relief, while Bitcoin slipped below pre-announcement levels.
The rule cuts Strategy’s ability to fund Bitcoin buys without diluting BTC per share.
Bitcoin has turned red while Strategy shares rallied after MSCI announced its decision on digital asset treasury firms. The headline looked positive for Strategy but the detail was not.
MSCI kept Strategy inside its global equity indices but blocked any index weight increase from new share issuance. That caps Strategy’s ability to raise equity-linked demand for Bitcoin, even as its stock jumped.
MSCI Keeps Strategy In, But Draws a Line
MSCI said Strategy and other digital asset treasury firms will remain in its indices for now. At the same time, it will not count newly issued shares when calculating index…
Read The Full Article Bitcoin Slips As Strategy Jumps Despite Negative MSCI Rule On Coin Edition.
