MSCI officially confirms: Strategy will be removed from global equity indices after market close on November 30
Global index giant MSCI confirmed in its November index review that Strategy, a Bitcoin treasury company holding more than 850,000 bitcoins, will be removed from its global equity indices. Japan’s Metaplanet and Upexi will also be removed, while Ethereum treasury company Sharplink is temporarily on the watchlist.
The changes will take effect after market close on November 30. JPMorgan previously estimated that the removal could trigger around $2.8 billion in passive selling; after the announcement, Strategy shares fell 1.65% in after-hours trading.
Strategy played down the impact, saying that funds tracking MSCI hold only about 13 million of its shares, or roughly 3.1% of its shares outstanding—less than one day’s trading volume.
This means the “Bitcoin treasury company” model has, for the first time, been formally classified by a major index provider as a non-operating company, potentially affecting passive inflows and future financing capabilities for similar companies.
For informational purposes only; not investment advice
$BTC $ETH $BNB #比特币 #MSCI
Global index giant MSCI confirmed in its November index review that Strategy, a Bitcoin treasury company holding more than 850,000 bitcoins, will be removed from its global equity indices. Japan’s Metaplanet and Upexi will also be removed, while Ethereum treasury company Sharplink is temporarily on the watchlist.
The changes will take effect after market close on November 30. JPMorgan previously estimated that the removal could trigger around $2.8 billion in passive selling; after the announcement, Strategy shares fell 1.65% in after-hours trading.
Strategy played down the impact, saying that funds tracking MSCI hold only about 13 million of its shares, or roughly 3.1% of its shares outstanding—less than one day’s trading volume.
This means the “Bitcoin treasury company” model has, for the first time, been formally classified by a major index provider as a non-operating company, potentially affecting passive inflows and future financing capabilities for similar companies.
For informational purposes only; not investment advice
$BTC $ETH $BNB #比特币 #MSCI