Company or bitcoin fund? The disagreement that costs Strategy its place at MSCI

Strategy generated 19.53 billion dollars in profits last quarter. Yet, MSCI plans to remove MSTR from several major stock indices as of November 30. This decision reignites the debate on the nature of Michael Saylor's company: operational company or investment vehicle focused on bitcoin? Beyond this disagreement, the consequences could affect index funds and the stock's visibility among institutional investors. This distinction now goes beyond just a financial technical question.

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