Tonight MSCI publishes its November index review. Strategy is the name to watch.
If it's cut, index funds have to sell the stock by the end of the month. JPMorgan has estimated about $2.8B of selling.
That selling is in Strategy shares. Nobody is forced to sell bitcoin:native , and Strategy stays listed on Nasdaq.
Where it could reach Bitcoin: Strategy funds a lot of its buying by issuing new shares. A weaker stock makes that harder, so a big buyer may slow down.
I'll cover the result tomorrow in my video!