Strategy is in discussions with global index provider MSCI over whether the company should remain in several major benchmarks. The talks, first reported by Reuters, come ahead of MSCI’s scheduled announcement on Jan. 15. MSCI’s review follows a growing debate on whether firms holding digital reserves still qualify as operating companies, or whether they function more like large investment vehicles. A JPMorgan analysis in November warned that if MSCI, and eventually other providers, remove Strategy, passi ...

Core Insights - Strategy, previously known as Microstrategy, is the largest publicly traded corporate holder of bitcoin and is facing a critical moment as MSCI considers removing it from its index [1] Group 1: Company Overview - Strategy holds a significant position in the bitcoin market, being the largest corporate holder among publicly traded companies [1] - The company is undergoing scrutiny from MSCI, which may impact its market standing and investor perception [1] Group 2: Market Implications - The potential removal from the MSCI index could lead to decreased visibility and investment interest in Strategy, affecting its stock performance [1] - The decision by MSCI may set a precedent for how other companies with significant cryptocurrency holdings are evaluated in the market [1]

According to Reuters, Strategy (MSTR) Chairman Michael Saylor said the company is engaging with index provider MSCI regarding a potential exclusion from its indices. MSCI is expected to make a decision on January 15. JPMorgan previously noted that if the exclusion takes effect and other index providers follow, it could trigger outflows of around $8.8 billion. Saylor added that Bitcoin’s recent price decline has pressured the company’s stock, describing it as essentially a leveraged version of Bitcoin. https ...

Core Insights - The company expects to become the best-performing stock in global markets within the next four to eight years [1][8] - The founder outlined conditions under which the firm might consider selling its Bitcoin holdings, indicating that this possibility may be closer than previously thought [2][5] Financial Stability - The company's dividend capacity is highlighted as a key indicator of financial stability, with an annual dividend payment of approximately $800 million [3] - The firm currently holds 650,000 BTC, valued at around $55.2 billion [4] Potential Selling Conditions - The CEO suggested that the company could be compelled to sell Bitcoin if its shares traded below the value of its underlying holdings [5] - The founder stated that the only condition for selling Bitcoin would be if the net asset value (NAV) fell below 1 [6] Market Valuation Metrics - The company's mNAV, or "multiple to net asset value," currently stands at 1.15, indicating a market valuation approximately 15% above the worth of its Bitcoin reserves [9] - A sub-1 mNAV would suggest that the market believes the company is worth less than its Bitcoin holdings, a situation that occurred briefly on November 13 [9]

Core Insights - Strategy, the largest corporate holder of bitcoin, is in discussions with MSCI regarding a potential exclusion from its indices, as stated by chairman Michael Saylor [1] Group 1 - Strategy is the world's biggest corporate stockpiler of bitcoin [1] - The engagement with MSCI could have significant implications for the company's market presence [1] - Chairman Michael Saylor confirmed the ongoing discussions with MSCI [1]

这一表态反映出公司的核心顾虑：若市场对其业务的估值低于资产价值，可能会迫使公司以折价方式出 售比特币。为避免这一局面，Strategy甚至考虑借出部分比特币——这一转变凸显出，曾经激进的"买入 并持有"模式在压力下已做出大幅调整。 Strategy(MSTR.US)首席执行官Phong Le表示，公司新设立的14亿美元储备金为这家比特币巨头提供了 灵活性，使其能在市场动荡期间履行股息支付、利息偿还等短期债务。 此举旨在平息投资者的担忧——市场此前担心Strategy可能因需支付不断增加的款项而被迫出售比特 币。该储备金通过股票发行募集，可为公司争取21个月的股息支付缓冲期(最长可延长至两年)，且无需 变现其价值590亿美元的比特币持仓。 "我们绝不希望在公司股权价值跌破比特币持仓价值时被迫动用这些比特币，"Le周二在采访中表 示，"我们的目标是实现股息的永续支付。" 根据官网数据，公司关键估值指标——mNAV(比较企业价值与其比特币持仓价值的比率)周二约为 1.17，该数值引发投资者担忧其可能很快转为负值。Le上周在播客中曾暗示，若出现这一情况，出售部 分比特币可能成为公司的最后手段。 Strategy的最新 ...

Strategy Executive Chairman Michael Saylor has become a leading advocate for bitcoin as the company he co-founded has steadily purchased the digital asset in recent years. Ronda Churchill / Bloomberg / Getty Images Close Key Takeaways Math is greater than faith, apparently. Strategy (MSTR), the enterprise software company made famous for stockpiling bitcoin, stunned its investors with the possibility that it could sell. Though Strategy executive chairman and bitcoin evangelist Michael Saylor has long advoca ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Strategy Inc. (NASDAQ:MSTR) might be experiencing some financial pressure, but cryptocurrency punters don’t think the company will be forced to sell its Bitcoin (CRYPTO: BTC) holdings this year. Polymarket Bettors Don’t See Forced BTC Liquidations The odds that the Michael Saylor-led company liquidates any of its BTC on or before Dec. 31 due to lender action or other external financial obligations were onl ...

RT Strategy (@Strategy)Phong Le, CEO of @Strategy, spoke with @BloombergTV today on our $1.44B USD Reserve, continuity of dividends, mNAV valuation, and recent market FUD, including index inclusion. https://t.co/iEAsZN4kDG ...

US stocks turned sharply higher at midday Tuesday, with the Dow climbing 170 points and the tech-heavy Nasdaq outpacing peers as Bitcoin surged 8% back above $91,000 and semiconductor stocks like Cred... ...