Michael Saylor · Strategy · Bitcoin.com News
Saylor Strikes Back: Strategy Criticises MSCI’s Flawed Index Test
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Michael Saylor and Strategy Inc. are challenging an MSCI proposal that could remove the bitcoin treasury company from global equity indexes.
Key facts
- The company said funds tracking MSCI GIMI indexes hold approximately 13 million MSTR shares, equal to 3.1% of Strategy’s basic shares outstanding and 60% of its 30-day average daily trading volume
- Strategy purchased another 4,603 bitcoin for $369.7 million, pushing Michael Saylor’s company deeper into its long-running bitcoin treasury strategy after…
- Strategy Inc. (Nasdaq: MSTR) urged MSCI on Aug. 31 to withdraw an eligibility test that could remove the company from its Global Investable Market Indexes
- Strategy also maintains an enterprise analytics software business with approximately 1,500 employees and nearly $500 million in annual revenue
Summary
MSCI plans to announce its consultation decision by Oct. 16. Strategy Inc. (Nasdaq: MSTR) urged MSCI on Aug. 31 to withdraw an eligibility test that could remove the company from its Global Investable Market Indexes. The company said funds tracking MSCI GIMI indexes hold approximately 13 million MSTR shares, equal to 3.1% of Strategy’s basic shares outstanding and 60% of its 30-day average daily trading volume. “MSCI should be a mirror of the market, not an arbiter of it.”