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Birdie_OKX
MSCI's decision exposes a financing constraint, not a verdict on Bitcoin. JPMorgan estimated Strategy's deletion could prompt up to $2.8B in passive selling, potentially weakening the share price used to raise capital for further BTC purchases. The mechanics do not require any BTC sale, but they may make the next equity issuance harder to absorb.
#MSCIRemovesStrategy
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