As his company's share price keeps falling, Strategy chairman Michal Saylor has struck a defiant tone for the second time in as many weeks.
In a post on X Friday morning, Saylor addressed the possibility of Strategy (ticker MSTR) being removed from major equity indices by the MSCI. The Bitcoin treasury pioneer is included in major indices such as the Nasdaq-100, MSCI USA, and MSCI World.
"Strategy is not a fund, not a trust, and not a holding company," Saylor said. "We’re a publicly traded operating company with a $500 million software business and a unique treasury strategy that uses Bitcoin as productive capital."
As of its latest purchase, Strategy holds a total of 649,870 BTC bought for a total cost of around $48.4 billion. The firm now holds more than 3% of Bitcoin's total 21 million supply. The price of bitcoin is now down about 24% over the past month, which JPMorgan analysts attribute largely to retail selling of spot bitcoin and ether ETFs.
"If MicroStrategy is excluded from these indices, it could face considerable pressure to its valuation given that passive index-tracking funds represent a substantial share of its ownership," the analysts wrote.
As Saylor continues to buy, Strategy investors continue to sell. MSTR shares are down about 13.5% over the past week and nearly 44% over the past month. At the time of publication, the stock traded around $173.50 per share — down from an all-time high of over $450 set in July.
"No passive vehicle or holding company could do what we’re doing. Index classification doesn't define us," Saylor said. "Our strategy is long-term, our conviction in Bitcoin is unwavering, and our mission remains unchanged: to build the world’s first digital monetary institution on a foundation of sound money and financial innovation."
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
