MSCI Tightens Rules, MicroStrategy Stock Falls Nearly 10 %

After markets closed on October 15, MSCI announced that firms whose main activity is holding assets rather than running operations would no longer qualify for its indexes. Friday’s session showed the immediate reaction: MSTR shares dropped close to 10 % on volume of 31.8 million shares, 1.44 times the average.

The sell-off spread across Bitcoin-related names. MARA fell 9.6 %, Riot Platforms lost 11.5 %, and Coinbase slipped 5.8 %. The Nasdaq Composite declined 2.1 %.

Strategy still holds 848 250 BTC acquired for 64 billion dollars. At roughly 81 434 dollars per coin, the stash is now worth about 69.1 billion, leaving an unrealized gain of 5.08 billion dollars.

STR C preferred shares had climbed back near their 100-dollar par after a 192.4-million-dollar buyback, but the broader drop erased most of those gains.

Based on information from cryptonews.net