@democratiCrayn 1 month ago
MSCI changes rules on MSTR shares, potentially limiting passive buying
MSCI changes rules on MSTR shares, potentially limiting passive buying
MSCI updated their index rules to cap newly issued MSTR shares. This means index funds aren't forced to automatically buy new stock, which removes some passive demand. Analysts think this could slow down growth and delay S&P 500 inclusion.
Max Keiser isn't worried, noting that price increases still trigger forced buying anyway. Some theories are floating around that this is Wall Street trying to suppress prices to buy in cheaply. Bitcoin dipped below $90k briefly and MSTR is down slightly in pre-market.
finance.yahoo.com
| MSCI's Move on MicroStrategy Is Rattling Bitcoin Markets | US Crypto News

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