2026-01-07 06:20:17

MSTR finally stabilized this time. Today, I want to discuss MSCI's decision on whether to include or exclude it from their index—this actually reflects a broader awkward situation in the entire market.

The core contradiction is simple: MSTR's balance sheet is filled with Bitcoin, which raises a classification dilemma—Is it a stock, or a crypto fund disguised as a stock?

Institutional investors' concerns are understandable. If MSTR is essentially a crypto asset holding vehicle, then including it in traditional stock indices feels a bit inappropriate. The integrity of the index must also be considered. Behind this controversy is a bigger question of how traditional finance and crypto assets should be integrated.

BTC-2,33%

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OnchainGossiper

· 01-07 06:50

Basically, traditional finance hasn't figured out how to coexist with crypto yet, and this wave of MSTR has become a touchstone.

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WalletAnxietyPatient

· 01-07 06:49

Ha, this is just a skinning issue. MSTR is essentially a BTC fund. They insist on trading it like stocks. MSCI's move is a bit funny. To put it simply, institutions want convenience and compliance at the same time. They want both the fish and the bear's paw. Now they've been slapped in the face. The collision between traditional finance and the crypto world ultimately requires someone to compromise. Looking at MSTR's antics, it definitely won't be the crypto circle to compromise.

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BitcoinDaddy

· 01-07 06:49

To be honest, MSTR is just an awkward transitional product, a contradiction between traditional finance and the crypto world.

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LiquidityLarry

· 01-07 06:49

Honestly, MSTR is just a Bitcoin fund disguised as a stock. It's a bit late to start taking it seriously now.

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HashRateHustler

· 01-07 06:48

To be honest, the MSTR issue is just that traditional finance hasn't figured out how to coexist with the crypto world yet, and they insist on blocking it. MSCI's people are the same, choosing between index purity versus actual returns—which one to pick? If BTC is filled on the asset sheet, does that mean it has to be kicked out? Then why aren't hedge funds also being moved out? The integration problem is indeed significant, but it's really absurd to be so confused about it now. The story of MSTR is actually a sign that the traditional world is starting to break down. Instead of obsessing over classification, it's better to see what its performance indicates. The entire index system needs an upgrade; clinging to that old framework is truly outdated.

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