Overview

The question concerns whether Strategy, tracked by ticker MSTR, would be removed from Nasdaq indices if Bitcoin (BTC USD) drops to around $75,000. The discussion emphasizes that index removals are not driven by a single price level of Bitcoin but by broader criteria.

Context and Key Points

• The Na sdaq 100’s inclusion criteria center on market capitalization, liquidity, and periodic reviews rather than a specific BTC price threshold.

  The reality is more nuanced, tied to market-cap rankings, premium collapse, and looming index-provider reviews rather than a single Bitcoin price threshold.

• MSTR (Strategy) acts as a leveraged proxy to BTC price action, often more volatile than Bitcoin itself, rising quickly when BTC rises and falling more sharply when BTC declines.

  MSTR has become a leveraged proxy for BTC price action, rising faster than Bitcoin on the way up and bleeding harder on the way down.

• As of the latest update, MSTR’s market cap is around $51 billion, which is above typical Nasdaq 100 removal thresholds.

  Strategy (ticker MSTR) still holds a market cap of around $51Bn. This keeps it above the usual lower cutoff range for Nasdaq 100 removals.

• Even with Bitcoin at $75K, Strategy’s substantial Bitcoin holdings (over 650,000 BTC) would still represent a multi-billion-dollar asset base, mitigating removal risk based solely on Bitcoin’s price.

  the massive 650,000+ BTC trove would still be worth nearly $49Bn.

Implications

There is no automatic trigger to eject Strategy from Nasdaq 100 solely because BTC USD hits $75K. Index providers reassess constituents based on broader metrics and governance reviews, not a single price event.

Nasdaq’s criteria focus on market cap rankings, liquidity, and periodic reviews, not Bitcoin’s price levels.

Notes on Market Reactions

• Market sentiment can lead to abrupt moves in individual components around news or warnings about potential index changes.

  After JPMorgan warned of potential index removal, MSTR fell by over 5%.

Author’s Summary

Nasdaq index removals depend on broader metrics and reviews, not a fixed BTC price, so a drop to $75K alone unlikely triggers immediate exclusion for Strategy.

Author’s Resume

Clear explanation of Nasdaq index rules shows removals rely on market cap, liquidity, and periodic reviews rather than a single Bitcoin price level. 120–200 characters.