MSCI confirms Strategy’s removal from indexes at end of November
Summary
MSCI confirmed it will remove Strategy, Metaplanet and Upexi from its global equity indexes, while placing Ether treasury firm Sharplink on a watchlist. The changes take effect after market close on Nov. 30. Index-tracking funds may sell shares in the deleted companies; JPMorgan previously estimated Strategy’s removal could prompt about $2.8 billion in selling. Strategy opposed the decision but said MSCI-linked funds held roughly 13 million shares, or 3.1% of its basic shares outstanding, amounting to less than a day’s trading volume.
