MSTR

Exceptional opportunity in Bitcoin treasury companies: Asymmetric upside if BTC rebounds. MSTR could hit $500/share in bullish scenario.

Strategy, the world’s largest publicly traded bitcoin holder, just bought another $1 billion worth of bitcoin. The company did the same last week.

Strategy released a letter to MSCI arguing that their proposed digital asset threshold is “misguided” and would have “profoundly harmful consequences."

Speaking at Bitcoin MENA, Michael Saylor framed Bitcoin as the foundation of a new era in digital capital and credit.

Strategy’s Michael Saylor claims he met with every Middle East sovereign wealth fund to pitch Bitcoin-backed credit, positioning digital capital as a yield-generating alternative to traditional fixed income.

Bitcoin For Corporations (BFC) challenged MSCI’s plan to exclude companies with over 50% of assets in digital assets, arguing it unfairly penalizes operating businesses.

The Bitcoin price jumped past $92,000 this morning as Bernstein and JPMorgan signal a longer-term bullish outlook

Strategy purchased 10,624 bitcoin for about $963 million last week, lifting its total holdings to 660,624 BTC as shares edged higher alongside a modest rebound in bitcoin prices.

MSCI’s move to exclude Bitcoin treasury companies is shortsighted, unnecessary, and undermines the neutrality investors expect in global benchmarks.

TD Cowen analysts warn that Strategy’s stock may stay under pressure as they expect MSCI to formally decide by mid-January to remove PBTCs like Strategy from all its indexes in February.