Nasdaq Drama: How Strategy Dodged a Bullet and MSTR’s Wild Ride!

by

So, here we are, folks! In an unexpected turn of events straight out of a financial soap opera, our protagonist-Strategy (formerly known as MicroStrategy)-has managed to keep its seat at the Nasdaq 100 table. I mean, who knew that buying Bitcoin could come with such drama? It’s like watching a reality show where everyone fights over who gets to sit on the couch next to the crypto king!

MSTR Survives First Nasdaq 100 Reshuffling

On Friday the 12th of December-mark your calendars because this is a day for the financial history books-Reuters spilled the tea that Strategy, ticker symbol MSTR, has survived its first Nasdaq 100 rebalancing. This is no small feat, considering it’s the largest corporate holder of Bitcoin. Yes, you heard that right! If Bitcoin were a high school, Strategy would be the kid that somehow avoids getting shoved into a locker.

The reshuffle also meant some companies had to pack their bags. Goodbye Biogen, CDW, GlobalFoundries, Lululemon, On Semiconductor, and Trade Desk! Hello Alnylam Pharmaceuticals, Ferrovial, Insmed, Monolithic Power Systems, Seagate, and Western Digital! It’s like a game of musical chairs, but instead of chairs, it’s all about who can hold the most digital assets without losing their minds-or their spot on the Nasdaq.

These changes are set to take effect on Monday, December 22. So, if you have a calendar, now might be a good time to circle that date-or just write “chaos” in big letters.

Now, let’s not get too excited. Despite the celebration, MSTR’s price closed down nearly 4% that day, which feels like finding a coupon in your pocket only to realize it expired last month. Over the past month, the stock has taken a nosedive down almost 25%. Ouch! Talk about a rollercoaster ride with no safety bar.

Strategy Urges MSCI To Reconsider Index Criteria

As if that wasn’t enough, Strategy is now pleading with MSCI, the global index provider, to rethink its exclusion criteria. Apparently, they’re considering kicking companies with hefty crypto holdings out of their indices. I mean, it’s like being told you can’t bring your beloved pet to the dog park because it’s too fluffy!

Michael Saylor, cofounder and chairman of Strategy, insists they aren’t just some passive Bitcoin hoarders. No, no! They fancy themselves as a proactive software firm with a financial strategy that would make even the most seasoned Wall Street guru nod in approval. According to Saylor, they’re in talks with MSCI about their plans to exclude companies whose crypto holdings exceed 50% of total assets. Because nothing says “let’s party” like a good old financial debate!

In a heartfelt letter backed by Saylor and CEO Phong Le, Strategy expressed support for MSCI’s attempts to create consistent eligibility criteria. But they also urged MSCI to reconsider their plan to delist companies with over 50% digital asset holdings from their Global Investable Market Indexes. Because, why not add a little more stress to the mix?

While Saylor downplays the impact of such exclusions-claiming “it won’t make any difference”-JP Morgan analysts suggest that Strategy could face outflows of up to $2.8 billion if MSCI goes through with it. So, if you see Michael Saylor pacing nervously around his office, now you know why!

Read More

2025-12-14 14:59