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Michael Saylor Pushes to Keep Strategy’s Stock in MSCI Index
Key Takeaways
- Strategy is working with MSCI to keep its MSTR shares in the index as the firm reviews digital asset holdings;
- MSTR joined the MSCI World Index in May 2024 after a surge in Bitcoin and was among the top three additions;
- MSCI’s review could impact digital asset firms, while Saylor questions JPMorgan’s $2.8 billion outflow estimate.
Michael Saylor’s company, Strategy, is working to keep its Class A shares (MSTR) in the MSCI indexes.
The stock joined the MSCI World Index in 2024 during the rise in Bitcoin
Morgan Stanley Capital International (MSCI) is currently reviewing whether to remove MSTR and other firms that hold large amounts of digital assets from its Global Standard Indexes.
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Speaking to Reuters on December 3, Saylor said that the company is in contact with MSCI about the matter.
He said, “We’re engaging in that process, and added that he “was not sure” about JPMorgan’s estimate that being dropped from the index might lead to about $2.8 billion in withdrawals.
MSTR was first added to MSCI’s indexes in May 2024. It was one of the three biggest new additions to the MSCI World Index at the time. That index, created in 1986 by MSCI, follows more than 1,300 large and mid-sized companies across 23 developed countries.
Firms such as Apple and Nvidia are among its largest members and together make up over 10% of the total index value.
Strategy’s inclusion in the index came roughly three years after it began buying Bitcoin as part of its digital asset treasury (DAT) approach. By then, the company had accumulated around 214,000 BTC.
Strategy CEO Phong Le said the company would consider selling its Bitcoin holdings. How? Read the full story.