As per Bijié Wǎng, MicroStrategy (MSTR) has formally responded to MSCI's proposed exclusion from its index, requesting the removal of the exclusion clause and outlining key supporting arguments. The market reacted positively, with MSTR's stock rising 3.16% on the day. The company's 30-day average trading volume increased by $4, and its market net asset value (mNAV) reached 1.18, indicating a 18% premium over its bitcoin-backed net asset value. The ongoing MSTR-MSCI review is evolving into an industry-wide event, with potential implications for bitcoin-focused debt instruments (DAT). Analysts estimate that excluding MSTR from the index could trigger $2.8 billion in passive fund outflows, highlighting the impact on index-tracking investors.
MSTR Challenges MSCI Exclusion, Could Be Bitcoin Catalyst
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Summary
Bitcoin news broke as MicroStrategy (MSTR) pushed back against MSCI’s plan to remove it from the index, asking for the exclusion to be dropped and backing its case with key arguments. MSTR’s stock climbed 3.16% that day, with 30-day average volume rising by $4 and mNAV hitting 1.18, a 18% premium over its Bitcoin-backed value. Analysts warn that a full exclusion could cause $2.8 billion in passive fund outflows, affecting Bitcoin analysis and index-linked investors.
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