Overview
- MSCI’s review of firms centered on buying cryptocurrencies is scheduled for a Jan. 15 decision, with Michael Saylor confirming active discussions and disputing the projected impact.
- JPMorgan estimates that potential index exclusions could drive roughly $2.8 billion to $8.8 billion of passive outflows from Strategy shares.
- CryptoQuant data show monthly Bitcoin purchases plunged from 134,000 BTC at the 2024 peak to about 9,100 BTC in November and roughly 135 BTC so far in December.
- Strategy holds about 650,000 BTC at an average cost near $74,000 per coin and has established a $1.44 billion U.S. dollar reserve to cover preferred dividends and interest for 12–24 months.
- Executives say Bitcoin would be sold only if the company’s mNAV falls below 1 or if financing becomes inaccessible, while some analysts, including Bitwise’s CIO, view near‑term forced sales as unlikely.