MicroStrategy is trading 10.29% lower at $135.72 after MSCI eligibility rules put its place in global equity indexes at risk.
- Reuters says removal is possible, not finalized; MSCI is expected to identify affected companies on November 11, with changes scheduled for November 30.
- The company has urged MSCI to withdraw the rules.
- Bitcoin and Ethereum are down 1.15% and 1.54%, respectively, since the previous close; tech-sector weakness and the market sell-off add pressure, but MSCI news is the clearest company-specific catalyst.