Key Insights
- Michael Saylor breaks the silence on Strategy’s delisting risks from MSCI USA and Nasdaq 100.
- He said Strategy is not a fund, not a trust, and not a holding company.
- MSTR stock wavers as Saylor claimed the company will remain committed to accumulating Bitcoin.
Michael Saylor breaks the silence on Strategy facing potential delisting from major benchmarks such as the MSCI USA and Nasdaq 100. He emphasized that Strategy is a publicly traded company that uses Bitcoin as productive capital, not a fund or trust.
MSTR stock rebounds nearly 1% on Friday after Saylor responded to market participants who view digital-asset treasury firms such as Strategy as investment funds.
Michael Saylor Says Strategy Is Building Bitcoin-Backed Structured Finance Company
In an X post on November 21, Michael Saylor clarified that its Bitcoin accumulation strategy is long-term. He added that index classification doesn’t define the company, breaking the silence on facing delisting risks from indexes.
Saylor asserted that Strategy is not a fund or a trust, and not even a holding company. It is a publicly traded operating company with a $500 million software business and a treasury strategy of using Bitcoin as productive capital.
He added that the company has completed five public offerings of digital credit securities. These included STRK, STRF, STRD, STRC, and STRE, representing over $7.7 billion in notional value.
He slams the perception of some market participants that digital asset treasury firms are closely tied to investment funds than index constituents.
As The Coin Republic reported, MSCI is deliberating on whether to exclude companies with digital-asset holdings exceed 50% of total assets.
Michael Saylor says Strategy Is Building a Bitcoin-Backed Structured Finance Company
Michael Saylor mentioned that Strategy is reforming into a new kind of enterprise. “Bitcoin-backed structured finance company with the ability to innovate in both capital markets and software,” he added.
While funds and trusts passively hold assets and holding companies sit on investments, Strategy is more focused on creating, structuring, issuing, and operating assets.
Saylor claimed that index classification doesn’t define the company. He reiterated that their Bitcoin accumulation strategy is long-term.
The company’s conviction in Bitcoin is unwavering, confirming plans to continue purchasing Bitcoin. Strategy aims to build the world’s first digital monetary institution on the foundation of sound money and financial innovation.
MSTR Stock Bounces Amid Selling Pressure
MSTR stock jumped nearly 1% to $180 after Saylor’s response to delisting risk. However, the stock pared gains again and dropped back to $175.52 on Friday.
MSTR stock opened lower today after closing at $177.13 on Thursday. At the time of writing, the stock saw lower trading volume than the average trading volume of 12 million.
Strategy’s stock performance continued to drop due to Bitcoin price crash. The stock’s YTD 2025 return has dropped to 38%, as per Yahoo Finance.
At the time of writing, Bitcoin price was trading 7% lower at $84,085. It tumbled below $81K after BlackRock sold more BTC holdings.
The intraday low and high were $80,659 and $91,572, respectively. A 62% increase in trading volume supported the rebound in Bitcoin price.