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This article first appeared on GuruFocus. Strategy (NASDAQ:MSTR) shares fell 3.64% to $110.24 as of 10:05 a.m. ET in Friday's regular session on November 13, as Bitcoin slid about 3% to $69,342, its first drop below $70,000 since August. The decline comes days after MSCI confirmed it will remove Strategy from its indexes after the close on November 30. Warning! GuruFocus has detected 9 Warning Signs with MSTR. Is MSTR fairly valued? Test your thesis with our free DCF calculator.MSTR GF Value chart The index decision is the first under MSCI's new rule for companies that look more like investment funds than operating businesses. It removes Strategy from the MSCI USA, World and ACWI indexes, according to 24/7 Wall St.
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