MSCI confirmed that it will remove Strategy from its global equity indexes, listing “STRATEGY A” as “Deleted” in its November review. The change takes effect after market close on Nov. 30. Metaplanet and Upexi are also marked for deletion, while Sharplink is on a watchlist.
The removals could lead funds tracking the affected indexes to sell shares. JPMorgan previously estimated that Strategy’s exclusion could trigger roughly $2.8 billion in selling, but Strategy said MSCI-linked funds held about 13 million of its shares—3.1% of its basic shares outstanding and less than one day’s trading volume.