MSCI exit risk threatens Strategy funding for more than $60 billion in Bitcoin

A Bitcoin rebound has provided some relief for Strategy Inc., but MSCI is considering rules that could remove the company from its global equity indexes. The potential exclusion threatens to add pressure to the financing model supporting Strategy’s more than $60 billion in Bitcoin purchases, as Strategy Co-Founder and CEO Michael Saylor seeks additional capital to keep buying. The consultation is also intensifying concerns about shareholder dilution and the performance of securities issued to fund the holdings.

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