MicroStrategy shares have fallen to a near one-month low as investors await MSCI’s decision on October 16. MSCI is reviewing a proposal to reclassify companies that rely heavily on asset holdings as “non-operating companies.” The change could affect MicroStrategy because of its substantial Bitcoin holdings and could lead to its removal from MSCI indexes.
JPMorgan has warned that exclusion could trigger approximately $2.8 billion in passive fund outflows. Uncertainty over the review, alongside recent weakness in Bitcoin’s price, has contributed to a bearish outlook among some analysts. The decision could significantly affect MicroStrategy’s stock performance in the near term.