MicroStrategy Could Be Removed From Major Global Stock Indexes
Michael Saylor’s Bitcoin giant could lose its place in major global stock indexes, potentially forcing investment funds to sell shares even if they still believe in the company. On Thursday, MSCI approved new rules to remove companies that behave more like investment vehicles than operating businesses. Its earlier simulation identified Strategy, formerly MicroStrategy, and Japan’s The post MicroStrategy Could Be Removed From Major Global Stock Indexes appeared first on BeInCrypto.
Key Takeaways
- Michael Saylor’s Bitcoin giant could lose its place in major global stock indexes, potentially forcing investment funds to sell shares even if they still believe in the company.
- On Thursday, MSCI approved new rules to remove companies that behave more like investment vehicles than operating businesses.
- Its earlier simulation identified Strategy, formerly MicroStrategy, and Japan’s The post MicroStrategy Could Be Removed From Major Global Stock Indexes appeared first on BeInCrypto.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in DeFi
MSCI finalizes index rules that put Strategy, crypto treasury firms at risk of exclusion
MSCI's new non-operating company rules could exclude Strategy, Metaplanet and SharpLink. The final list of affected firms is due Nov. 11.
DeFi Development boosts CHAD dividend to 14% amid push to grow Solana holdings
DeFi Development is raising the dividend rate on its CHAD preferred stock to 14% from 13% as it taps CHAD sales to grow its Solana treasury.
Ethereum’s faster-exit plan would leave new validators waiting to earn
A dated three-week entry estimate shows how direct deposits and pooled holdings bear the cost of inactive staking capital. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox