- Strategy Inc stock fell 6.1% in pre-open trading to $144.10 as crypto-linked stocks declined alongside Bitcoin.
- Bitcoin retreated below $82,000 after nearing $85,000 overnight, staying within a tight one-month trading range.
- MSCI approved updated eligibility criteria targeting companies whose assets consist predominantly of investments, and Strategy could be removed from MSCI global equity indexes as early as November 30, with the final list expected November 11.
- Strategy previously flagged up to $2.8 billion in passive holdings that could be liquidated after an exclusion.
- Strategy raised its preferred stock buyback program to $3.0 billion from $2.0 billion, a move that followed a June 29 repurchase program.
Quotes
“Strategy Inc stock is sliding 6.1% in pre-open trading today, pulling back to $144.10”
“MSCI index-exclusion risk remains a drag for Strategy.”