相关基金持有近18亿美元MSTR，Strategy拟遭MSCI指数剔除

Theo Odaily, market analyst Murphy posted on X platform that MSCI officially approved new rules on October 15 to exclude non-operating companies that do not meet the standards from its global investable market indices. Strategy had already been included in the proposed exclusion list during previous simulated screenings, with the final result to be announced on November 11 and effective on November 30; related index funds hold approximately 13 million shares of MSTR, valued at nearly $1.8 billion, equivalent to 60% of its 30-day average daily trading volume.

Murphy stated that Strategy's core logic lies in driving growth in net Bitcoin per share through capital operations, and whether it can sustain this depends on market premium and its contraction magnitude. MSTR's future performance depends on three variables: Bitcoin price, net Bitcoin per share, and mNAV; as of market close on October 16, its mNAV was 1.08x.