Strategy remains in the Nasdaq 100 despite facing MSCI index risk

Source: Criptonoticias Original Title: Strategy Remains in the Nasdaq 100 Despite Concerns Original Link:

• The company’s shares have been in a downward trend, losing more than 15% in the last month.
• The MSCI index will decide in January whether to exclude Strategy and similar companies that hold bitcoin.

Amid concerns about the possible removal of Strategy from the MSCI (Morgan Stanley Capital International) index, the company manages to maintain its position in the Nasdaq 100, the largest stock index in the United States.

Following this year’s rebalancing, announced on December 13, the company led by Bitcoin advocate Michael Saylor retained its spot. It remains among the 100 largest commercial companies in the world, listed in the annual reconstitution.

The list will take effect before the market opens on Monday, December 22, 2025.

Strategy has thus successfully passed its first test in the index it was included in last December, in the technology subcategory. This comes after a historic increase in its stock price.

It is worth noting that, despite remaining in the index, Strategy (MSTR) shares have recently been on a clear downward trend, losing more than 15% just in the last month.

Strategy’s shares have been declining in recent months.

This behavior of MSTR occurs as the company faces criticism over its business model, which since 2021 has been based on the aggressive purchase of bitcoin (BTC) to include it in its reserves.

The company, formerly known as MicroStrategy, stands out as the largest corporate holder of bitcoin. With its latest purchase of $11.7 million made last week, Strategy’s total holdings now amount to 650,000 BTC.

Strategy in the eye of the storm over its bitcoin strategy

This happens as the situation reaches a critical point due to the decline in the total value of the company’s bitcoin reserves (mNAV), amid the drop in the digital currency’s price. Strategy’s mNAV has fallen below 1.00, an indicator suggesting that the firm has few financing options.

The case has taken on complex nuances, sparking rumors of a possible BTC sale. A notion always denied by Saylor, and whose potential occurrence causes fear in the cryptocurrency market, as Strategy is one of the major whales (large bitcoin holders).

Adding to this are recent news linked to the MSCI index provider. There is an evaluation of the possibility of delisting companies whose BTC holdings exceed 50% of their total assets. The final decision on this matter will be announced in January 2026.

If this happens, Strategy would be removed from the list that includes stocks of large and medium-cap companies in developed countries with stable economies. This would force the sale of shares worth up to $2.8 billion.

Faced with this risk, Strategy’s CEO sent a letter to the MSCI Index Committee, calling the measure “arbitrary.” That is why, amid these concerns, Strategy’s continued presence in the Nasdaq 100 provides some relief.