Overview
- JPMorgan estimates about $2.8 billion in forced selling if MSCI removes Strategy from its equity indices, with total outflows rising to roughly $9–12 billion if other providers follow.
- Passive and index-tracking vehicles hold nearly $9 billion of Strategy’s stock, heightening the risk of mechanical selling if eligibility rules change.
- The consultation targets companies whose digital-asset holdings are at least 50% of total assets, with a decision due January 15, 2026.
- Strategy’s share price has slumped more than 40% over the past month as its longstanding premium to underlying Bitcoin narrowed toward parity.
- Michael Saylor says the firm is an operating company rather than a fund, denies selling Bitcoin, highlights continued purchases to 649,870 BTC, and points to new Bitcoin-backed credit and preferred issuances.