Market News AIOpen the app

MicroStrategy could drop to $100 as MSCI's decision may force $2.8 billion in share sales.

PaperworkRead the original at Benzinga
Bad for MSTR

MicroStrategy expects MSCI to remove its stock from global indexes, and JPMorgan estimates related funds could sell about $2.8 billion. The ruling is still pending, but more shares issued for purchases and buybacks, along with falling Bitcoin held per share, add pressure.

MSTR · MicroStrategy Incorporated

AI read · Bad for MSTR

The AI's read

That could bring more automatic selling of MSTR shares, though the final index decision is still pending. More shares issued for Bitcoin purchases and preferred-share buybacks leave existing owners with a smaller piece. The company's measure of Bitcoin held per share also fell this year, adding to the concern.

Get alerts for MSTR

Follow MicroStrategy Incorporated (MSTR) free. When we publish a story about it, you get the plain-English explanation as an alert.

Get alerts for MSTR
Free on the App Store and Google Play, or on the web.