Strategy

Strive Asset Management warned MSCI that its plan to exclude bitcoin-heavy companies from major benchmarks could create inconsistent results due to differing accounting standards.

Strategy led Bitcoin-linked gains, with MSTR surging 8.66% to $186.26 on heavy volume.

Strategy announced a $1.44 billion cash reserve to cover dividends and updated its 2025 earnings forecast after Bitcoin’s price dropped sharply. The company also bought 130 more bitcoin.

TD Cowen analysts warn that Strategy’s stock may stay under pressure as they expect MSCI to formally decide by mid-January to remove PBTCs like Strategy from all its indexes in February.

Michael Saylor took to X to dismiss concerns about MSCI-driven outflows, emphasizing that Strategy is an operating company with a $500 million software business and a $7.7 billion Bitcoin-backed digital credit program.

Strategy faces the risk of being removed from major equity indices, with JPMorgan warning that MSCI’s January 15 decision could trigger up to $2.8B–$8.8B in passive outflows and deal a major blow to Saylor’s bitcoin-leveraged strategy.

Strategy acquired 8,178 Bitcoin last week at average price of $102,171 per Bitcoin.

Amid crypto panic and a BTC drop below $95,000, Michael Saylor denied rumors that Strategy was selling bitcoin, confirming the company is accelerating purchases and hinting at surprising upcoming activity.

Bitcoin price surged above $106,000 after Strategy disclosed a $49.9 million purchase of 487 BTC, boosting its total holdings to 641,692 BTC worth $47.54 billion.

Japan’s Strategy equivalent isn’t slowing down. Metaplanet just tapped its $100 million Bitcoin-backed credit line to scoop up more bitcoin — doubling down as markets wobble.