Strategy · Bitcoin · Cointelegraph
MSCI adopts index exclusion rules that could oust Strategy
Compiled by KHAO Editorial — aggregated from 3 sources. See llms.txt for citation guidance.
✓ KHAO Verified
Strategy, Metaplanet and Upexi were previously identified for deletion under the methodology, with MSCI set to announce its final list on Nov. 11.
Key facts
- The final list of companies to be removed will be released on Nov. 11 and will take effect on Nov. 30, 2026, according to MSCI
- In August, Strategy opposed the changes but also played down the potential disruption, saying funds tracking MSCI’s Global Investable Market Indexes hold approximately 13 million shares, representing
- JPMorgan analysts previously estimated that Strategy’s exclusion from MSCI indexes could trigger roughly $2.8 billion in selling
- Strategy, Metaplanet and Upexi were previously identified for deletion under the methodology, with MSCI set to announce its final list on Nov. 11
Summary
Index provider MSCI has adopted new rules that could lead to Strategy, Metaplanet and Upexi being removed from its global indexes, while leaving several other crypto treasury companies facing potential exclusion. MSCI said Thursday it will adopt a methodology proposed in August that would make “non-operating companies” ineligible for inclusion in the MSCI Global Investable Market Indexes. MSCI previously identified Strategy (MSTR) among the companies that would be deleted from the indexes under the “non-operating companies methodology.” Sharplink, Inc (SBET), Ton Strategy Company (TONX), Solana Company (HSDT) and DeFi Development Corp. (DFDV) are among companies that would be put on a “watchlist” for potential removal. Removal could force funds tracking MSCI indexes to sell the affected companies’ shares, potentially putting pressure on stock prices and reducing passive investment demand.