JPMorgan Says Saylor’s Strategy Could See Billions in Outflows if MSCI Excludes MSTR
JPMorgan warns that Michael Saylor’s Strategy (MSTR) faces potential outflows of up to $8.8 billion if excluded from major equity indices by MSCI due to its large Bitcoin holdings.Summary
JPMorgan research indicates that Strategy, a company heavily invested in Bitcoin, is at risk of exclusion from major equity indices like MSCI due to its substantial digital asset holdings, which exceed 50% of its total assets. MSCI is considering a rule change that could trigger this exclusion, potentially leading to significant selling pressure and outflows ranging from $2.8 billion to $8.8 billion. Strategy’s shares have already underperformed Bitcoin in recent months, and the potential index removal could further diminish its valuation and attractiveness to institutional investors. Michael Saylor, the company’s founder, has a long-term vision of building a trillion-dollar Bitcoin balance sheet and reshaping global finance, but this strategy is now facing structural headwinds.
(Source：Bitcoin Magazine)