Strategy survives first Nasdaq 100 shakeup since entering the index

Strategy, formerly MicroStrategy, successfully maintained its position in the Nasdaq 100 index during the annual rebalancing, marking its first test since joining in December. The company is notable as the largest corporate holder of Bitcoin, recently increasing its holdings to 660,624 BTC, valued near $60 billion. While Strategy survived the shakeup, which saw several other companies removed and new ones added, its shares still fell 3.74% on the day and have declined over 15% in the past month. The company's inclusion remains controversial due to its business model, which MSCI is reviewing for classification, potentially excluding firms whose crypto holdings exceed 50% of total assets. Strategy leadership, including Executive Chairman Michael Saylor, argues it is an operating enterprise financing purchases, not just a passive accumulator. To counter market concerns, Strategy recently raised $1.44 billion to ensure it can meet debt and dividend obligations.

(Source：Cointelegraph)