MSCI to Drop Strategy and Metaplanet From Indexes on December 1, JPMorgan Flags Up to $8.8B in MSTR Outflows

MSCI will remove Strategy, Metaplanet and Yellow Cake from its global indexes on December 1 under a new non-operating companies methodology, saying they resemble investment funds. Strategy warned exclusion could trigger about $2.8 billion in stock sales, while JPMorgan put potential outflows at $8.8 billion if other index providers follow. MSTR fell 2.5% after hours.