Bitcoin-focused Strategy keeps Nasdaq 100 seat as MSCI weighs January index removal

On December 13, 2025, Bitcoin-focused company Strategy retained its place in the Nasdaq 100, extending a year-long run in the benchmark even as criticism mounts over its fund-like structure. MSCI is reviewing whether to expel Strategy and similar digital-asset treasury firms from its indexes in a January decision that analysts say could prompt sizeable outflows and reshape how token-heavy balance sheets are treated.