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Bitcoin-Proxy MicroStrategy Added to Key MSCI World Stock Index
MicroStrategy Inc., a company best-known for accumulating a roughly $13 billion hoard of Bitcoin, will be included in a key global equity index following a rally in the firm’s shares that outpaced the digital asset. The Tysons Corner, Virginia-based enterprise software maker is one of the three largest additions to the MSCI World Index based on market capitalization, MSCI Inc. said in a statement on Tuesday. Index providers regularly review their gauges and the latest changes take effect at the end of the month. The shift is an indication of how crypto exposure can increasingly creep into traditional portfolios, ... (full story)
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- Posted: May 15, 2024 2:00am
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