Prop firm news

MSCI approved rules under which Strategy could be dropped from the indices

Index provider MSCI has adopted a new methodology for selecting companies: businesses that are essentially a cryptocurrency vault rather than an operating company will undergo a separate review. Strategy (MSTR) is under threat - the largest public holder of Bitcoin in the world.

Strategy, formerly MicroStrategy, has 848,000 BTC, but it spent 6 times more on buying back its shares

Strategy bought 334 BTC for $28.7 million in a week, but allocated $176.3 million to buy back STRC preferred shares. The company now holds 848,000 BTC worth approximately $73 billion.