Michael Saylor’s Strategy Faces Nasdaq & MSCI Delisting as MSTR Stock Drops 57%

The post Michael Saylor’s Strategy Faces Nasdaq & MSCI Delisting as MSTR Stock Drops 57% appeared first on Coinpedia Fintech News

Michael Saylor’s Strategy, the company famous for buying huge amounts of Bitcoin, is now in trouble. Its stock (MSTR) is at risk of being delisted from the Nasdaq 100 and MSCI USA indexes after a sharp price crash. Over the last six months, MSTR has performed too worst, dropping more than 57% in the past 6 months.

And more importantly, what does this mean for investors who trusted Saylor’s bold Bitcoin plan?

Why is Strategy on the Verge Of Being Delisted?

Strategy’s heavy exposure to Bitcoin as its primary treasury asset has made the company start to behave like a Bitcoin-powered stock. When Bitcoin went up, Strategy’s stock went up even faster. But now the opposite is happening.

Currently Bitcoin price has dropped from its ATH of $126,000 to around $85,000, and this big fall has hit Strategy very hard.

• The MSTR stock fell 40% in just one month

• And more than 57% in the last six months

Because of this huge drop, Strategy is no longer big or stable enough to stay inside the Nasdaq 100 or MSCI USA Index.