In short, keeping Bitcoin on the balance sheet doesn’t stop a company from being in an MSCI index, even if its earnings look different from those of other companies.
Still, while the MSCI issue is settled, debate around Strategy itself remains intense.
He argued it shouldn’t be valued like a normal company using metrics like P/E ratios. Constan also restated that Strategy probably won’t ever qualify for indexes like the S&P 500, which require steady, officially reported profits.
(adsbygoogle = window.adsbygoogle || []).push({});In a separate discussion, disagreed with the idea that Strategy’s preferred shares (like $STRC) are a form of digital credit. He pointed out that they are actually equity (ownership shares) and not a loan, don’t give holders any rights to the company’s Bitcoin, and provide less security than standard preferred shares.
