While discussions are growing that Bitcoin-focused company Strategy (formerly MicroStrategy) could be removed from MSCI indices, the company’s chairman, Michael Saylor, maintained that the operating model is robust and that this possibility will not affect the company’s roadmap.

• MSCI has proposed removing “digital asset treasury companies” whose portfolios consist largely of cryptocurrencies from its indexes. While it noted that such companies “may exhibit characteristics similar to mutual funds,” it stated that these structures are not suitable for the indexes. The final decision will be announced on January 15th.
• In his latest post, Saylor explained that Strategy is an operating company. He pointed out that, in addition to its Bitcoin reserves, it also has a $500 million enterprise software division that has been serving corporations and public institutions for over 20 years.
• Saylor stated, “We understand that index providers periodically review their methodologies, but Strategy is not an ETF, it is not a closed-end fund, and it is certainly not a passive proxy for Bitcoin. We produce, operate, and grow just like any other business.” He added that inclusion or removal from the index would not change the company's strategy, operations, or long-term belief in BTC.
• JPMorgan issued a note this week warning that Strategy's removal from the index could lead to billions of dollars in passive outflows. Analysts estimate that a potential removal from MSCI could lead to a $2.8 billion outflow from passive funds. Overall, approximately $9 billion of Strategy's market capitalization is estimated to be tied to passive, index-tracking ETFs and mutual funds.

The sharp decline in Bitcoin's price is also putting pressure on Strategy shares, which have lost nearly 40% of their value this year.

#Bitcoin #MicroStrategy #MichaelSaylor #Jucom #cryptocurrency $BTC/USDT $JU/USDT $ETH/USDT

🟠 MICHAEL SAYLOR DOUBLES DOWN!

• Michael Saylor Speaks Out Amid False Rumors: Strategy Continues to Buy More Bitcoin as Market Plunges
• Strategy (MSTR.O) founder Michael Saylor said on November 14 that the company is making a large-scale purchase of Bitcoin, confirming that the next purchase plan will be announced next Monday.
• This was his direct statement amid rumors that Strategy is secretly selling its BTC holdings.
• Shortly after the misinformation spread on social media, Saylor appeared on CNBC to completely deny the rumor.
• He affirmed that Strategy had not sold any Bitcoin and was instead taking advantage of the sharp correction to expand its BTC reserves.

This is not the first time Saylor has had to personally reassure the market, but the speed with which the rumor spread this week has many investors worried.

#MichaelSaylor #MicroStrategy #Bitcoin #Jucom #cryptocurrency $BTC/USDT $JU/USDT $ETH/USDT

• Strategy has added more Bitcoin to its balance sheet, continuing its accumulation strategy despite recent market volatility. The company now owns 641,692 BTC, worth about $47.5 billion.
• The move affirms long-term belief in Bitcoin's growth potential, but also raises doubts about its sustainability.

487 BTC Buying Strategy

• Investment bank TD Cowen has published a new report on Bitcoin and the company that is the largest institutional BTC holder, MicroStrategy (now Strategy).
• According to The Block, Strategy first assessed the impact of its latest move, the euro-denominated preferred stock offering. Second, it announced its BTC year-end price forecast.
• At this point, he estimated that TD Cowen Strategy would add 6,720 BTC to the company's treasury with the new euro-denominated preferred stock offering.
• TD Cowen analysts Lance Vitanza and Jonnathan Navarrete said Strategy's initial offering of perpetual Stream preferred stock, priced at €80 per share last week, represents the company's entry into euro-based Bitcoin-backed credit markets and opens a new financing channel. At this point, they predicted the funds from the euro offering would be used to purchase 6,720 BTC at an estimated average price of $104,500.

Fundamental, Bullish and Bearish Scenarios for Bitcoin!

• Apart from this, TD Cowen stated that the base scenario for Bitcoin will be $141,277 by the end of the year, December 31.
• For the bear and bull scenarios, he predicted a rise of $160,000 and a drop of $60,000.
• Analysts noted that the base case model is based on Strategy purchasing approximately $4 billion worth of Bitcoin on a quarterly basis.

The bull scenario is based on a purchase of more than $4.5 billion, while the bear scenario is based on the suspension of purchases “due to market conditions or a specific loss of access to capital markets.”

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