Strategy faces MSCI ouster under new rules, billions in passive holdings at risk
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Shares of Strategy fell 4.2% on Friday after MSCI announced new rules for its indexes.
- ✓Starting November 30, non-operating companies will be ineligible for inclusion.
- ✓This change puts billions in passive holdings at risk.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Reuters
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Shares of Strategy, the world's biggest corporate bitcoin holder and a constituent of the MSCI USA and MSCI World indexes, fell 4.2% on Friday.
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MSCI said on Thursday non-operating companies will be ineligible for its Global Investable Market Indexes from the close of November 30, as part of its November index review. It will publish the final list of affected companies on November 11.
The decision follows a review MSCI began a year ago, when it proposed excluding digital asset treasury companies on the grounds that they resemble investment funds, which are already barred from its indexes. MSCI deferred that plan in January and opened a broader review on all non-operating companies.
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