Strategy’s Michael Saylor claims he met with every Middle East sovereign wealth fund to pitch Bitcoin-backed credit, positioning digital capital as a yield-generating alternative to traditional fixed income.
Strategy purchased 10,624 bitcoin for about $963 million last week, lifting its total holdings to 660,624 BTC as shares edged higher alongside a modest rebound in bitcoin prices.
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 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.
PREDICT BITCOIN