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MicroStrategy shares plunged 6.33% to trade at $154.34, extending losses to nearly 70% below 2024 peaks. The stock faces fresh headwinds as MSCI weighs a pivotal decision—by January 15, the index provider will determine whether to remove companies with heavy bitcoin accumulation strategies from its benchmark indices.
The potential delisting would mark another blow for the enterprise software giant turned crypto-focused investment vehicle. Market participants closely monitor this outcome given MSTR's positioning as a proxy for institutional bitcoin exposure and its relevance to passive fund holdings tied to major indices.