📰 According to Reuters, MSCI will remove Strategy (MSTR), Japan-based Bitcoin treasury company Metaplanet, and UK uranium investment company Yellow Cake from its global indexes, effective December 1, under a newly introduced methodology for non-operating companies. MSCI determined that these companies are more like investment funds than operating businesses. Strategy had previously warned that its removal could trigger about $2.8 billion in stock selling; JPMorgan had earlier estimated that outflows from Strategy stock could reach $8.8 billion if other index providers followed suit. After the news was announced, MSTR fell 2.5% after hours. Ethereum treasury company SharpLink (SBET) was also placed on MSCI's watchlist.

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