Strategy spent more than twice as much on preferred-share buybacks as Bitcoin. Now comes its MSCI exit

Key points

• MicroStrategy recently allocated more capital toward preferred-share buybacks than acquiring Bitcoin during the week of November 2 through November 8.
• Following these financial moves, the company faces an upcoming test for its financing structure after the market close on November 30, coinciding with its exit from the MSCI indexes.

Summarized automatically by Kryptokite from reporting by CryptoSlate. Read the original sources for full detail.