Strategy Sinks As MSCI Axes Bitcoin Whale; Is Nasdaq 100 Next?

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The Nasdaq 100's yearly reconstitution is next month. The post Strategy Sinks As MSCI Axes Bitcoin Whale; Is Nasdaq 100 Next? appeared first on Investor's Business Daily.

Strategy's long-telegraphed removal from MSCI stock indexes because it is deemed a "non-operating" company became official late Wednesday. MSTR stock slid to a nearly three-month low early Thursday as the bitcoin price also came under pressure. MSCI also removed Japan's Metaplanet, another company that falls into the digital asset treasury category that Strategy (MSTR) founder Michael Saylor created. Strategy has…

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