MSCI to Drop Strategy From US Index on Nov 30, JPMorgan Flags $2.8B Forced Selling Risk
MSCI confirmed it will remove Strategy from the MSCI USA Index at the Nov 30 close, forcing index funds to sell shares. JPMorgan estimated the exit could push about $2.8 billion of Strategy stock out of passive funds, based on an earlier MSCI proposal. Strategy holds 850,364 Bitcoin bought for $64.16 billion, per its latest SEC filing. MSCI adopted a new Oct 15 test for firms without substantial operating assets.