The central question asks whether Strategy would be expelled from major stock indices if Bitcoin USD reaches $75,000. The analysis shows that a specific price point does not automatically trigger removal; decisions depend on broader index criteria and periodic reviews.
The Nasdaq’s criteria focus on market cap rankings, liquidity, and periodic reviews, not Bitcoin’s price levels.
Strategy (ticker MSTR) still holds a market cap of around $51Bn.
After JPMorgan warned of potential index removal, MSTR fell by over 5%. That keeps it safely above the usual lower cutoff range of $20-40Bn for Nasdaq 100 removals.
Strategy’s massive 650,000+ BTC trove would still be worth nearly $49Bn.
The discussion hinges on how index providers determine eligibility, including market cap thresholds, liquidity, and regular reassessment cycles. A single asset price level is not a stand-alone trigger; rules emphasize holistic, time-based evaluations rather than instantaneous price breaks.
In this context, there is no automatic removal rule tied to BTC hitting $75K; any potential metainformation would come from index-provider reviews considering the broader ledger, liquidity, and market-cap shifts. The conclusion remains that a Bitcoin price threshold alone does not determine index membership for Strategy.
Index rules rely on comprehensive metrics, not a single BTC price, so Strategy’s Nasdaq status would depend on multi-faceted evaluations rather than a $75K price level.