MSCI finalized new rules targeting companies classified as “non-operating,” which could exclude Strategy from major indexes and trigger estimated passive outflows of $2.8 billion according to JPMorgan. Ki Young Ju, CEO of CryptoQuant, argues this risk is already priced in and that major Wall Street firms maintain substantially higher price targets: Citigroup targets MSTR at $240, Barclays at $175, and B. Riley at $195. Michael Saylor, co-founder and former CEO of Strategy, dismissed the decision’s impact, calling it “not that important” to the company. MSTR shares nonetheless fell from over $151 to under $137 on Friday. Strategy remains the world’s largest corporate bitcoin holder with 848,250 BTC.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
