Strategy Falls 9.6% After MSCI Decision, Dropping More Than Bitcoin
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Strategy shares declined 9.6% following an MSCI decision, while its disclosed bitcoin holdings remained roughly $5.1 billion above their purchase cost.
Strategy shares fell 9.6% following a decision by MSCI, according to The Defiant. The stock’s decline exceeded bitcoin’s drop.
Despite the share-price fall, the company’s disclosed bitcoin holdings were still valued at approximately $5.1 billion more than their acquisition cost.
MSCI is scheduled to publish its final list of affected companies on Nov. 11.
Source: The Defiant
