Saylor's Strategy engaging with MSCI on potential index exclusion

Strategy -1.62%

Strategy

MSTR

122.78

-1.62%

By Utkarsh Shetti and Federico Maccioni

DUBAI, Dec 3 - Strategy MSTR.O, the world's biggest corporate stockpiler of bitcoin, is engaging with MSCI about a decision that could potentially exclude it from its indices, its chairman Michael Saylor told Reuters on Wednesday.

Index provider MSCI is due to make that decision on January 15, in a shake-up that could lead to outflows of as much as $8.8 billion if other index providers follow suit, according to a JP Morgan note last month.

Strategy is currently part of the MSCI USA and MSCI World indices, with a chunk of its market value tied to benchmarks through passive vehicles such as ETFs.



(Reporting by Utkarsh Shetti and Federico Maccioni in Dubai, Editing by Louise Heavens)

((utkarshumesh.shetti@thomsonreuters.com))

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.