MSCI confirms Strategy’s removal from indexes at end of November
Index provider MSCI has confirmed the removal of Strategy from its global equity indexes, with the changes taking effect after market close on November 30.
MSCI’s final list of affected securities, released as part of its November index review, lists "STRATEGY A" with the action "Deleted." Japan’s Metaplanet and crypto treasury company Upexi are also marked for deletion, while Ether treasury firm Sharplink is on a watchlist.
The changes take effect after market close on Nov. 30, under the implementation timetable MSCI announced in October. Removal could prompt funds tracking the affected benchmarks to sell the companies’ shares, reducing a source of passive investment demand.
Strategy opposed the proposal, arguing that it repackaged MSCI’s earlier effort to exclude digital asset treasury companies and injected policy judgments into index construction.
Potential for passive selling
As Cointelegraph reported in October, JPMorgan previously estimated that Strategy’s exclusion could trigger roughly $2.8 billion in selling. The company nevertheless played down the potential disruption.
In its consultation response, Strategy said MSCI-linked funds held approximately 13 million shares, representing 3.1% of its basic shares outstanding and less than one day’s trading volume.
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