Strategy, the world’s largest corporate holder of Bitcoin, is facing concerns that its ability to continue accumulating the cryptocurrency could weaken after being removed from a major global equity index. MSCI, the global index provider, released the results of its November 2026 Index Review on Nov
MSCI has announced that it will remove Strategy, the world's largest corporate holder of Bitcoin, from its MSCI USA Index effective November 30, 2026. The decision follows MSCI's new methodology that restricts the inclusion of "non-operating companies" - businesses whose financial asset holdings outweigh their actual operating activities.
The move is expected to have a negative impact on Strategy's ability to continue accumulating Bitcoin, with up to $2.8 billion in selling pressure estimated by JPMorgan. Despite the announcement, the Bitcoin market has remained relatively stable, with Bitcoin trading around $74,000 following the news.
Brief written by urgent.news from BusinessKorea's own syndicated text.
Machine-written — may contain errors; check the original before relying on it.
AUD/USD loses ground for the third consecutive day, trading around 0.6840 during Asian hours on Thursday. The pair falls to nearly 10-month lows as the US Dollar (USD) receives support from an…
Korea will accept its final round of applications this year for foreign worker visas starting Nov. 23, offering 6,699 new permits to help businesses ease persistent labor shortages while introducing…
Taiwan will send Stan Shih, founder of computer giant Acer, to the Apec leaders’ summit in Shenzhen next week and has urged Beijing to ensure its delegation is treated with “dignity”.
A trio of House Republicans are unlikely to allow Nvidia CEO Jensen Huang to send his company's general counsel to answer questions on his behalf about his alleged relationship with a Chinese spy…