Strategy Sinks Nearly 10% on MSCI News But Saylor Is Still $5B Up

Strategy shares lost 9.6% on Friday in the first full session after MSCI’s index ruling, even though the company’s 848,250 bitcoin still sit about $5 billion above cost. MSCI announced on Oct. 15, after U.S. markets closed, that companies which mainly hold assets rather than run a business will lose index eligibility . Friday was the first full trading day to digest it and here’s how the Saylor-adjacent board closed: Trading volume backed the move as some 31.8 million MSTR shares changed hands, which market analysts put at 1.44x its normal level. The selloff hit the equity, not the stash, and Strategy’s latest SEC filing shows 848,250 BTC as of Oct. 11, bought for $64 billion at an average of $75,444 per coin.

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