MSCI to Remove Strategy on Nov 30 as Shares Fall 5%

MSCI confirmed Strategy will leave its global equity indices after the Nov 30 close. The Bitcoin treasury company shares fell 5%. JPMorgan estimated the removal could trigger about $2.8 billion in selling. Strategy said MSCI linked funds hold 13 million shares or 3.1% of basic shares. Bitcoin fell 4.3% to $71,340 as the total crypto market cap dropped 3% to $2.49 trillion.