As his firm’s share value retains falling, Technique chairman Michal Saylor has struck a defiant tone for the second time in as many weeks.
In a publish on X Friday morning, Saylor addressed the potential for Technique (ticker MSTR) being faraway from main fairness indices by the MSCI. The Bitcoin treasury pioneer is included in main indices such because the Nasdaq-100, MSCI USA, and MSCI World.
“Technique is just not a fund, not a belief, and never a holding firm,” Saylor stated. “We’re a publicly traded working firm with a $500 million software program enterprise and a novel treasury technique that makes use of Bitcoin as productive capital.”
As of its newest buy, Technique holds a complete of 649,870 BTC purchased for a complete value of round $48.4 billion. The agency now holds greater than 3% of Bitcoin’s complete 21 million provide. The worth of bitcoin is now down about 24% over the previous month, which JPMorgan analysts attribute largely to retail promoting of spot bitcoin and ether ETFs.
“If MicroStrategy is excluded from these indices, it might face appreciable strain to its valuation provided that passive index-tracking funds signify a considerable share of its possession,” the analysts wrote.
As Saylor continues to purchase, Technique traders proceed to promote. MSTR shares are down about 13.5% over the previous week and almost 44% over the previous month. On the time of publication, the inventory traded round $173.50 per share — down from an all-time excessive of over $450 set in July.
“No passive automobile or holding firm might do what we’re doing. Index classification does not outline us,” Saylor stated. “Our technique is long-term, our conviction in Bitcoin is unwavering, and our mission stays unchanged: to construct the world’s first digital financial establishment on a basis of sound cash and monetary innovation.”
Disclaimer: The Block is an impartial media outlet that delivers information, analysis, and information. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in different corporations within the crypto area. Crypto trade Bitget is an anchor LP for Foresight Ventures. The Block continues to function independently to ship goal, impactful, and well timed details about the crypto business. Listed here are our present monetary disclosures.
© 2025 The Block. All Rights Reserved. This text is supplied for informational functions solely. It’s not provided or meant for use as authorized, tax, funding, monetary, or different recommendation.