Strategy could be removed from MSCI indices, where related index funds hold nearly $1.8 billion in MSTR. According to NS3.AI, market analyst Murphy said MSCI approved new exclusion rules on October 15 and included Strategy on a proposed removal list after a simulated screening. Murphy said final results will be announced on November 11 and take effect on November 30. The related funds hold approximately 13 million MSTR shares, equal to 60% of the token’s 30-day average daily trading volume, Murphy said.