On October 16, Strategy fell 3.63% in After-Hours Trading, with shares trading around $146.21 and turnover reaching $149 million.

The move followed reports that MSCI is conducting a broad review of screening rules for non-operating companies, creating uncertainty over the index eligibility of firms such as Strategy that rely on capital markets financing to continue accumulating bitcoin.

Recent disclosures added to the pressure: Strategy bought only 250 bitcoin between October 5 and 11 for about $21.5 million, marking its lowest weekly purchase this year, while spending about $192.4 million to repurchase STRC preferred stock. That contrast suggested a near-term capital allocation tilt toward balance sheet management rather than aggressive bitcoin accumulation. Earlier options flow was also described as cautious to bearish, reinforcing concerns that any index exclusion could trigger passive outflows and compress valuation.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)