According to MSCI's official announcement on November 11, Strategy will be removed from the MSCI USA Index on November 30 due to new eligibility requirements for companies classified as non-operating. The index provider has updated its methodology to require companies to demonstrate that they hold sufficient operating assets; those that do not meet the initial screening criteria undergo additional financial tests to determine whether they are eligible.
JPMorgan had previously estimated that the removal could trigger about $2.8 billion in selling pressure from passive funds tracking MSCI indexes, although Strategy has stated that passive index funds hold only about 3.1% of its shares outstanding, suggesting that the direct impact could be manageable. Importantly, removal from the index does not require Strategy to liquidate its 850,364 BTC; the immediate consequences would primarily affect institutional investors' positions in MSTR shares rather than create selling pressure on Bitcoin.
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JPMorgan had previously estimated that the removal could trigger about $2.8 billion in selling pressure from passive funds tracking MSCI indexes, although Strategy has stated that passive index funds hold only about 3.1% of its shares outstanding, suggesting that the direct impact could be manageable. Importantly, removal from the index does not require Strategy to liquidate its 850,364 BTC; the immediate consequences would primarily affect institutional investors' positions in MSTR shares rather than create selling pressure on Bitcoin.
$BTC
$MDT
$ERA