Strategy Risks Exclusion From MSCI USA and Nasdaq 100 Indexes

Michael Saylor's Strategy faces potential removal from major stock indexes including MSCI USA and Nasdaq 100, JPMorgan analysts said. Exclusion from MSCI alone could trigger up to $2.8 billion in outflows, with passive funds holding nearly $9 billion in market exposure to the company. Index providers are expected to decide by Jan. 15.