The acronym ITS BITCOIN BUYING MACHINEEXES strategy is about to lose its place in the MSCI global indices. The index provider will remove the company from its indexes at the end of November under new eligibility rules that affect companies whose balance sheets are dominated by financial assets rather than traditional active businesses. This is important because strategy is not ordinary stocks. The company currently holds more than 850,000 BTC with a total acquisition cost of over $64 billion, making it the largest corporate bitcoin holder in the world. Its model was simple: raise capital through stocks and debt, then use the capital to buy more bitcoins. MSCI's decision could create new pressure, as funds that track its indices may be forced to reduce or eliminate their strategy positions after the impact is removed. Important: This does not mean that a strategy must sell its bitcoins. The direct pressure is on MSTR shares, not BTC itself. But if a strategy's stock becomes more difficult or expensive to use as a fundraising vehicle, the company's ability to continue acquiring bitcoins at the same rate could weaken. The strategy argued that the new rules were discriminatory and encouraged shareholders to oppose the decision. For Bitcoin, the key question is no longer whether a strategy wants to keep buying. If the capital markets continue to give them the same firepower. @BitcoinNews.

The acronym ITS BITCOIN BUYING MACHINEEXES strategy is about to lose its place in the MSCI global indices. The index provider will remove the company from its indexes at the end of November under new eligibility rules that affect companies whose balance sheets are dominated by financial assets rather than traditional active businesses. This is important because strategy is not ordinary stocks. The company currently holds more than 850,000 BTC with a total acquisition cost of over $64 billion, making it the largest corporate bitcoin holder in the world. Its model was simple: raise capital through stocks and debt, then use the capital to buy more bitcoins. MSCI's decision could create new pressure, as funds that track its indices may be forced to reduce or eliminate their strategy positions after the impact is removed. Important: This does not mean that a strategy must sell its bitcoins. The direct pressure is on MSTR shares, not BTC itself. But if a strategy's stock becomes more difficult or expensive to use as a fundraising vehicle, the company's ability to continue acquiring bitcoins at the same rate could weaken. The strategy argued that the new rules were discriminatory and encouraged shareholders to oppose the decision. For Bitcoin, the key question is no longer whether a strategy wants to keep buying. If the capital markets continue to give them the same firepower. @BitcoinNews.