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Don't remind me again today

Market news has broken: the company owned by Michael Saylor (Strategy, formerly MicroStrategy) is about to be kicked out of the NASDAQ-100 and MSCI US Indexes.



It's been a tumultuous fate. This company, which gained fame for its heavy Bitcoin holdings, has recently seen its stock price take a severe hit—dropping more than 57% from its peak, not just halved. Such performance clearly fails to meet the strict standards of these mainstream indexes, especially in terms of market capitalization and performance.

It’s important to note that being removed from these heavyweight indexes is no small matter. Large passive funds tracking these indexes will mechanically sell off, creating short-term pressure. However, speaking of Saylor himself, his belief in Bitcoin seems unwavering. Will this adjustment affect his strategy of continuing to increase BTC holdings? The market is watching.
BTC-7.76%
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WhaleSurfervip
· 9h ago
Selle, this guy is really tough. Even after being kicked out of the index, he doesn't panic. He's probably secretly bottom-fishing Bitcoin now.
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