MSCI Rules Today on Cutting Strategy (MSTR) From Its Indexes After a Draft List Marks It Deleted
By Micah Zimmerman
AI summary of the source article
MSCI is set to announce whether Strategy (MSTR) will be removed from its global stock indexes under a new asset-screening rule. Any deletions take effect at the close of November 30.
Why it matters
Funds that track an MSCI index have to hold what the index holds, so a deletion would force them to sell by the Nov. 30 close.
Key facts
- MSCI's draft list of impacted securities marked Strategy, Metaplanet, Yellow Cake, Skel Fjárfestingafélag, and Upexi as deleted.
- Strategy held 850,364 bitcoin as of November 8, acquired at an average price of $75,456 per coin.
- JPMorgan analysts estimated an MSCI exclusion could trigger about $2.8 billion in passive fund outflows from Strategy.
Source excerpt · Bitcoin Magazine
Bitcoin Magazine MSCI Rules Today on Cutting Strategy (MSTR) From Its Indexes After a Draft List Marks It Deleted MSCI publishes its November index review at 5 p.m. ET, the first under a new non-operating company screen. Its potential list, built on Sept. 30 filings, already marks Strategy, Metaplanet and three others as Deleted. This post MSCI Rules Today on Cutting Strategy (MSTR) From Its Index…