ATLAS News · Crypto
Strategy CEO Phong Le told CNBC MSCI's removal of MSTR is immaterial, while The Block reports JPMorgan raised its Strategy holdings by 36%.
Crypto Briefing reports that Strategy CEO Phong Le described MSCI's exclusion of MSTR as immaterial during an appearance on CNBC. He said index funds hold about 3% of the company's shares.
Le also accused MSCI of opposing Bitcoin, according to Crypto Briefing's account of the interview.
Separately, The Block reports that JPMorgan disclosed a 36% rise in its Strategy share holdings. The same report says the bank holds $540 million in BlackRock's bitcoin ETF.
MSCI is an index provider whose benchmarks are tracked by many funds, so decisions on which companies to include can affect how those funds are positioned.
The comments and the disclosed bank holdings offer two data points on how institutional investors and index decisions relate to Strategy, a company closely tied to bitcoin.
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
Technology · NASDAQ
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