Strategy's $10B-$30B digital credit claim meets MSCI index exit review

Saylor posted a Bitcoin purchase chart on X on Nov 1, 2026, ten days before MSCI's Nov 11 announcement on whether Strategy exits its global indexes.
Strategy held 848,517 BTC as of Oct 25. Q3 dividend costs rose to $420M from $140M a year earlier, and BTC Yield was negative 3.7% this year.
Saylor said Strategy's balance sheet can support $10B-$30B of digital credit with no further Bitcoin appreciation or additional equity issuance.
Strategy has authorized up to $1B in common stock repurchases and multibillion-dollar programs to repurchase its credit instruments, including STRC.
MSTR closed near $131 on Oct 30, down 7.8% on the day and 14.8% over the past month.
Strategy sold about $432M of Bitcoin this year to cover preferred dividends and repurchase STRC preferred stock.
An MSCI exit would not legally force Strategy to sell its Bitcoin, but index fund selling and weaker MSTR stock are the main pressure points in the coverage.
A Yahoo Finance piece carries the headline claim that Saylor says the next Bitcoin bull market has already started.

Sources