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THIS IS WHY $BTC IS NOT PUMPING HARD AFTER MSCI NEWS 🚨
MSCI has announced not to remove Bitcoin and crypto treasury companies from its indexes.
But they have added a new rule.
When treasury companies issue new shares, MSCI will not add those extra shares to its indexes.
Earlier, when Strategy and other treasury companies used to issue new shares, big index funds had to buy some of those new shares.
Now, those funds won't need to buy the new shares anymore.
This means the automatic buying demand has now gone, and it'll be less attractive to issue new shares.
The result of this will be less money raised through share dilution, and this is why markets are not going bonkers.