MicroStrategy (MSTR) stock faces new challenges as it was not included in the S&P 500 index, raising concerns among analysts. However, the company continues to attract new investments and increase its cryptocurrency assets.
S&P 500 Exclusion
On September 11, investment giant JPMorgan reported that MicroStrategy was again not included in the S&P 500 index. JPMorgan expressed concerns that companies like MicroStrategy, with cryptocurrency holdings, may face difficulties in being included in major stock indices. In this context, analysts noted growing investor fatigue and risks to the sustainability of corporate cryptocurrency treasury models.
MSTR Stock Dynamics
On Thursday, MSTR stock continued its decline, trading mostly between $322.77 and $328.69 throughout the day. As of the analysis, the stock fell nearly 2% and is priced at $326.45. Over the past month, the company's assets have dropped by more than 18%, reducing the annual return to 13%. Despite this, some analysts remain optimistic; however, technical indicators predict a potential drop to $270.
New Investments and BTC Purchases
Vanguard Group remains the largest shareholder of the company, holding assets worth over $7.49 billion. Recently, the Arizona State Retirement Fund increased its MSTR investments by $2 million, while Robeco Institutional Asset Management reported an $18 million purchase of MSTR shares in the second quarter. Additionally, MicroStrategy has increased its Bitcoin holdings by purchasing 1,955 BTC for $217.4 million, raising its total Bitcoin amount to 638,460 BTC.
Thus, MicroStrategy's stock continues to face challenges in the market. Meanwhile, the company actively attracts new investments and increases its cryptocurrency holdings. The situation with MSTR stock remains under scrutiny by analysts amid changes in the cryptocurrency market.
