Every Zipp story tagged #MSCI, newest first.
Strategy's 845K BTC stash is worth $66B with ~$2.4B in paper gains, and the company is using its cash hoard to defend its preferred-share structure against MSCI's index exclusion push.
MSTR holds 86.9% of the $27.55B affected float in MSCI's proposed non-operating screen. Strategy is using MSCI's 2022 SEC neutrality defense to argue the methodology forces asset-quality judgment…
Strategy is now deploying common equity and Bitcoin to defend a preferred stock that institutions helped finance, while MSCI's index review threatens to remove another layer of passive MSTR demand.
MSCI's review puts the index treatment of Bitcoin-treasury firms under scrutiny, making benchmark-linked flows the central market question for MSTR.
An MSCI ejection would force passive global funds to dump MSTR regardless of fundamentals, raising the stakes for every bitcoin-treasury company that followed Strategy's playbook.
Strategy and Metaplanet aren't alone: the new 'non-operating company' screen redefines what index inclusion even means, with passive-flow consequences for any firm that holds more than it earns.
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