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-0.000452761847268268 -0.00108662843344405 -0.000814971325082951 -0.0022855418050106 0.00814971325083003 -0.00181104738907342 -0.00488982795049805 -0.00488982795049805
Stock impact report

Strategy and bitcoin-buying firms face wider exclusion from stock indexes [Yahoo! Finance]

Strategy Inc - Class A (MSTR) 
Last strategy inc - class a earnings: 4/28 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.microstrategy.com
Company Research Source: Yahoo! Finance
indexes, which analysts say could cost the bitcoin-hoarding giant up to $9 billion in demand for its shares and hurt the wider appeal of the sector. After queries ?from clients, MSCI in October proposed ditching from its global benchmarks companies whose digital asset holdings represent 50% or more of their total assets. ?It says they resemble investment funds, which it does not include in its benchmarks. But many such firms argue that they are operational companies developing novel products, and that MSCI's proposals unfairly discriminate ?against crypto. Shares in Strategy, which began life as software firm MicroStrategy, skyrocketed 3,000% after it began buying bitcoin in 2020, although they have since fallen sharply, and are down about 43% this year amid the cryptocurrency's slump. Dozens more companies have been inspired to buy and hold crypto tokens on their own balance sheets in the hopes they will gain value, although questions are growing over the sustainability of thes Show less Read more
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