Strategy (NASDAQ:MSTR) is down 6% on the day following MSCI plans to drop from its global indexes. Simultaneously, critic Peter Schiff claimed Thursday that Bitcoin (CRYPTO: BTC) will not keep appreciating 30% a year.
Schiff Challenges the Math Behind STRC’s Yield
Schiff argued STRC’s entire structure depends on Bitcoin appreciating 30% annually, which he says lets Strategy pay STRC shareholders a 12% yield while still turning a profit.
He pointed out Bitcoin lost 6.5% last year and is down 17% so far this year, arguing there’s no basis for assuming the 30% figure holds going forward.
Schiff’s post followed one from Saylor captioned "Let $STRC do the heavy lifting," paired with an AI-generated video showing a woman flying a car and crediting STRC dividends for the purchase, part of marketing touting the fund’s 12% annual yield paid daily.
Replies to Saylor’s post skewed sharply negative as one user called the AI content "slop" that "pisses people off during a bear market," while another wrote that MSTR shareholders are "losing thousands while this guy is posting cartoons."
MSCI’s Index Removal Adds Fresh Pressure
MSCI will remove Strategy from its global indexes on Dec. 1, Reuters reported, after determining the company resembles an investment fund rather than an operating business.
Strategy warned last year that exclusion could force $2.8 billion in forced stock liquidation, and JPMorgan (NYSE:JPM) has estimated outflows could reach $8.8 billion if other index providers follow MSCI’s lead.
Meanwhile, Metaplanet (OTC:MTPLF) and UK-based Yellow Cake also made MSCI’s exclusion list, while SharpLink (NASDAQ:SBET) appeared on a separate watchlist for companies MSCI is monitoring.
Where MSTR Stands Technically
MSTR fell roughly 7%, testing its descending channel’s lower boundary near its rising support zone around $112 to $114.
Shares trade below all key major EMAs, with RSI at 33.58 signaling weak momentum approaching oversold territory.
Key levels for MSTR:
- $112: support level, a daily close below exposes $110 and then $100
- $120 to $123: resistance zone if the current support hold
Image: Shutterstock
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