Strategy , the world's biggest corporate stockpiler of bitcoin, is engaging with MSCI about a decision that could potentially exclude it from its indices, its chairman Michael Saylor told Reuters on Wednesday.
Shares of Strategy Inc. NASDAQ: MSTR, formerly known as MicroStrategy, have fallen by 43% year-to-date (YTD), with a substantial portion of this decline taking place in the last month.
US stocks turned sharply higher at midday Tuesday, with the Dow climbing 170 points and the tech-heavy Nasdaq outpacing peers as Bitcoin surged 8% back above $91,000 and semiconductor stocks like Credo Technology soared on earnings beats.
Leveraged exchange‑traded funds (ETFs) linked to bitcoin hoarder Strategy are among the biggest casualties of this year's crypto slump, as falling bitcoin price battered shares of the largest corporate holder of the token.
While Bitcoin's December descent triggered an 80% collapse in Strategy Inc.'s (previously known as Microstrategy) leveraged ETFs, erasing $1.5 billion in retail savings from MSTX and MSTU. Yet MSTR stock surged 6.05% on Tuesday, highlighting a stark divergence fueled by the unforgiving math of leverage and compounding decay.
TYSONS CORNER, Va.--(BUSINESS WIRE)--Strategy (Nasdaq: MSTR), one of the world's largest independent publicly traded enterprise analytics companies (formerly MicroStrategy), announced it has joined the Open Semantic Interchange (OSI). This move accelerates Strategy's open ecosystem strategy, centering on its AI-powered Universal Semantic Layer, Strategy Mosaic. Strategy brings over 30 years of ...
Strategy's interest and preferred-share dividend outlays now run at around $800 million a year.
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