Is MSTR secure? did not! After carefully examining MSCI's questions about cryptocurrency indices, it was found that there was an overlooked issue. The original text stated that 'MSCI will not implement any increases to the Number of Shares (NOS)', and MSCI will not perform any increase operations on the number of shares (NOS) included in the subject matter. Talking to people means that the newly issued shares through ATM will not be weighted by the MSCI index under the current processing rules, and will not trigger passive fund buying. That is to say, the newly issued stocks of ATM are ignored by MSCI. All newly issued stocks will not be counted towards MSCI, so there will be no institutions passively buying them. MSCI recognizes the existence of cryptocurrency reserve stocks, but refuses to continue providing passive funding for ATM issuance. Under normal circumstances, if a company's outstanding shares increase, such as through issuance or major shareholder unlocking, MSCI usually increases its NOS to increase its weight in the index. This will lead to global ETFs being forced to buy the stock, creating the possibility of a stock price increase. And now MSCI has announced that it will not increase NOS, which means cutting off this potential incremental funding. Even if this company actually issues more stocks, passive funds will not follow suit and buy. This rule is named after METAPLANET and CAPITAL B, but MSTR appears in subsequent supplementary lists, so MSTR will also be affected by this regulation. @bitget VIP， Lower rates and more generous benefits