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Bitcoin News Today: Bitcoin Index Face-Off: Saylor Challenges Convention, Ignites Market Fluctuations

Bitcoin News Today: Bitcoin Index Face-Off: Saylor Challenges Convention, Ignites Market Fluctuations

Bitget-RWA2025/11/24 09:06
By:Bitget-RWA

Michael Saylor, who leads

, has stood by the company's focus on Bitcoin, even as cautioned that being dropped from major stock indices could result in outflows as high as $9 billion. This threat arises because Strategy's assets now make up more than half of its total holdings, a level that is considering as a possible exclusion point. that if MSCI removes Strategy from its USA and World indices, passive investment funds could withdraw $2.8 billion, with another $6.8 billion potentially leaving if other index providers follow.

Bitcoin News Today: Bitcoin Index Face-Off: Saylor Challenges Convention, Ignites Market Fluctuations image 0

Strategy, which holds more Bitcoin than any other public company—$56 billion in

—has seen its market capitalization shrink to nearly match its Bitcoin reserves, a year prior to just 1x now. This narrowing has weakened its ability to raise money through stock sales, a crucial part of its leveraged Bitcoin purchasing approach. in indices such as the Nasdaq 100 and MSCI USA has given both institutional and retail investors indirect exposure to Bitcoin, a situation that could reverse if the stock is removed from these indices.

Saylor has rejected these worries, stressing that Strategy is "not a fund, not a trust, and not a holding company," but rather a "Bitcoin-backed structured finance company" with a $500 million software division and $7.7 billion in Bitcoin-secured credit products

. He highlighted new offerings like Stretch ($STRC), a variable-yield product for both institutional and retail clients, to demonstrate the company’s ongoing financial innovation. "Funds simply hold assets. We design, structure, and manage," Saylor said, to the company’s long-term objectives.

The MSCI verdict, anticipated by January 15, 2026, has already led to market swings. Strategy’s share price is down more than 40% from its peak, and its mNAV ratio is close to 1.0, meaning its market cap now closely tracks its Bitcoin assets

. JPMorgan analysts cautioned that being dropped from indices would raise borrowing costs, decrease liquidity, and harm the company’s reputation among institutional investors. Still, Saylor remains optimistic about Bitcoin’s future, to fuel financial innovation and highly collateralized credit products.

The implications go beyond just Strategy. Experts warn that a delisting could spark a wider sell-off in crypto assets, as passive funds would be forced to liquidate. Bitcoin’s value has already fallen 30% from its October highs,

of the "Bitcoin-on-Nasdaq" approach. Saylor’s resistance highlights a deeper conflict between conventional finance and crypto proponents, with MSCI’s upcoming decision likely to influence how digital assets are incorporated into global markets.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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