MSCI will decide on new rules Thursday: "non-operating companies" will be kicked out of its indexes, putting Strategy, which holds 848,000 coins and is identified by $BTC , first in the firing line. The list will be announced on November 11 and take effect on November 30. JPMorgan previously estimated that an exclusion would trigger about $2.8 billion in passive selling. With the index drawing a hard line, even major crypto hoarders are wary of list day: will $2.8 billion of selling knock it down, or can it absorb the blow?