Strategy’s Stock Drops Nearly 10% After MSCI Index Rule Change, Even as Bitcoin Holdings Gain $5 Billion
On October 15, after U.S. markets closed, MSCI announced that companies which primarily hold assets rather than operate an active business will lose eligibility for its stock indexes. Friday was the first full trading session for markets to react, and the Saylor-linked group of companies tied to Strategy felt it directly. Strategy (MSTR) shares fell…