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Strategy Sinks Nearly 10% on MSCI News But Saylor Is Still $5B Up

News.Bitcoin.com
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Strategy Sinks Nearly 10% on MSCI News But Saylor Is Still $5B Up

Strategy shares lost 9.6% on Friday in the first full session after MSCI’s index ruling, even though the company’s 848,250 bitcoin still sit about $5 billion above cost. The Breakdown MSCI announced on Oct. 15, after U.S. markets closed, that companies which mainly hold assets rather than run a business will lose index eligibility. Friday […]

Key Takeaways

  1. Strategy shares lost 9.6% on Friday in the first full session after MSCI’s index ruling, even though the company’s 848,250 bitcoin still sit about $5 billion above cost.
  2. The Breakdown MSCI announced on Oct.
  3. markets closed, that companies which mainly hold assets rather than run a business will lose index eligibility.
Read Full Article on News.Bitcoin.com

Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.