A critical period has begun for strategy stocks.

Recently, with the sharp price movements, investors' attention has once again focused on Strategy. Michael Saylor emphasized that there has been no change in their long-term plans while commenting on the risk of his company being removed from major indices. However, as the stock price of Strategy continues to decline, these statements are becoming a necessity.

In fact, a warning from JPMorgan suggested that Strategy could potentially be removed from major indices within the framework of MSCI index evaluations. This situation increased concerns among investors and brought Michael Saylor's statements to the forefront. Saylor highlighted that the company is not just a holder of Bitcoin and possesses a software operation worth approximately 500 million dollars.

Saylor stressed that Strategy should be reevaluated as a business within the MSCI framework. The founder stated that comparisons with funds could be misleading and emphasized that Strategy is actively developing products and is not merely holding assets. Saylor reminded that by 2025, they will have carried out a digital credit issuance worth 7.7 billion dollars, citing the successful launches of digital products such as STRK, STRF, STRD, STRC, and STRE.

On the other hand, the situation regarding MSCI poses significant risks. JPMorgan analysts indicated that if Strategy stocks are removed from the indices, there could be a passive outflow of about 2.8 billion dollars. If other providers follow a similar path, it is expected that this figure could rise to as much as 8.8 billion dollars. Amidst all these uncertainties, Michael Saylor expressed that Strategy's long-term Bitcoin goals would not change and that they remain committed to building a financial institution based on digital currency.

Lastly, MSTR shares closed the week with a decline of approximately 3%, falling to around 171 dollars. With these developments, key points for investors to pay attention to include the potential removal of Strategy from indices and Saylor’s statements.