MSCI has confirmed that Strategy, a bitcoin treasury company, will be removed from the MSCI Global Equity Index. Metaplanet and Upexi are also set to be removed after the market closes on November 30, while ether treasury company Sharplink has been placed on a watch list. JPMorgan previously estimated that Strategy's removal could trigger about $2.8 billion in selling. Strategy opposed the proposal but downplayed its potential impact, saying that funds linked to MSCI indexes hold 3.1% of its outstanding common shares.