On August 28, Strategy declined 3.09% in pre-market trading, trading at $133.275/share, with turnover of $49.31 million. The pullback follows a sharp 11.54% surge in the prior session that took shares to $137.4.

The pre-market weakness comes amid renewed concerns that MSCI is considering rules that could remove Strategy from its global equity indices. Such a move would potentially reduce passive fund demand and pressure the financing model underpinning the company's massive Bitcoin holdings. The threat re-emerged just as Bitcoin's rebound above $80,000 had provided relief, with the stock gaining over 35% in the preceding week.

Strategy currently holds 840,447 BTC at an average cost of approximately $75,385 per coin, with total digital asset reserves of $51 billion and a newly established $15.9 billion cash reserve. While 12 of the company's top 15 institutional shareholders increased their positions in Q2 by a combined $1.2 billion, the MSCI overhang introduces structural uncertainty around index-linked capital flows.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)