{"id":17493,"date":"2026-11-11T15:44:10","date_gmt":"2026-11-11T15:44:10","guid":{"rendered":"https:\/\/cryptonewsdesk.com\/?p=17493"},"modified":"2026-11-11T15:44:14","modified_gmt":"2026-11-11T15:44:14","slug":"strategys-msci-exclusion-could-trigger-billions-in-mstr-selling","status":"publish","type":"post","link":"https:\/\/cryptonewsdesk.com\/index.php\/2026\/11\/11\/strategys-msci-exclusion-could-trigger-billions-in-mstr-selling\/","title":{"rendered":"Strategy\u2019s MSCI Exclusion Could Trigger Billions in MSTR Selling"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Strategy is facing renewed pressure ahead of MSCI\u2019s November 11 index review, with the company at risk of being removed from major equity benchmarks under new eligibility rules.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The potential exclusion matters because funds that track MSCI indexes may be forced to sell Strategy shares if the company is removed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">JPMorgan analysts have previously estimated that such an outcome could trigger roughly $2.8 billion in institutional selling.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Strategy\u2019s stock has already weakened significantly ahead of the review, raising questions about how a further decline could affect the company\u2019s ability to raise capital for future Bitcoin purchases.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">MSCI is set to announce its index review<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">MSCI is scheduled to publish the results of its November index review shortly after 11 p.m. Central European Time on November 11.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Any approved changes are expected to take effect after the market closes on November 30.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That means investors will have only a few weeks to adjust positions before any deletions are implemented.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Strategy is one of the most closely watched companies in the review because of the way its balance sheet is dominated by Bitcoin holdings.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">New MSCI rules put Strategy at risk<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">MSCI introduced revised eligibility rules in October aimed at excluding companies that increasingly resemble investment vehicles rather than operating businesses.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The process begins by examining whether a company has enough operating assets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If a company fails that initial screen, MSCI then evaluates several additional financial measures.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Asset composition<\/li>\n\n\n\n<li>Expenses<\/li>\n\n\n\n<li>Operating cash flow<\/li>\n\n\n\n<li>Fair-value exposure<\/li>\n\n\n\n<li>Dependence on outside financing<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">A company can become ineligible if it fails at least four of the five tests.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Strategy\u2019s Bitcoin-heavy balance sheet is the main concern<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Strategy is the world\u2019s largest corporate Bitcoin holder.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A large portion of its balance sheet consists of Bitcoin rather than traditional operating assets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That structure is central to the MSCI eligibility question.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company has increasingly used its balance sheet and capital markets access to acquire Bitcoin, making its business model very different from that of a conventional software company.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Strategy has already acknowledged the index risk in its financial disclosures and said it expects its common stock could be removed under the revised criteria.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Other Bitcoin-heavy companies could face similar scrutiny<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Strategy is not the only company potentially affected.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Other firms with investment-heavy balance sheets, including Japan\u2019s Metaplanet, could face similar questions under the new methodology.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The broader issue is whether public companies that function largely as asset-holding vehicles should remain eligible for traditional equity indexes designed around operating businesses.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That debate could become increasingly important as more companies adopt Bitcoin treasury strategies.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Around 13 million MSTR shares are held by MSCI-tracking funds<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Strategy previously disclosed that funds tracking MSCI indexes held approximately 13 million MSTR shares.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That represents about 3.1% of the company\u2019s basic shares outstanding.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At Strategy\u2019s November 10 closing price of $121.07, those shares were worth roughly $1.57 billion.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This figure represents the market value of the estimated holdings.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It does not mean all $1.57 billion would necessarily be sold at once.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">JPMorgan estimated a larger $2.8 billion impact<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">JPMorgan analysts previously estimated that an MSCI exclusion could trigger around $2.8 billion in selling.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That estimate was based on an earlier version of the proposed index rules.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The difference between the $1.57 billion value of disclosed index-linked holdings and JPMorgan\u2019s $2.8 billion estimate reflects different assumptions about which funds could be affected and how much additional selling might follow.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Neither figure should be treated as a guaranteed amount of future selling.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Passive funds may be forced to rebalance<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The biggest source of selling pressure would likely come from passive funds.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These funds are designed to track specific indexes closely.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If MSCI removes Strategy from a benchmark, passive funds that follow that benchmark would generally need to reduce or eliminate their MSTR holdings.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That selling would likely occur around the November 30 implementation date.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The exact timing and size would depend on each fund\u2019s strategy and exposure.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Active investors may sell ahead of the change<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Some investors may choose not to wait for the formal implementation date.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If they expect passive selling to occur later, they may reduce positions in advance.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This can create selling pressure before the actual index rebalance.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That may be one reason MSTR has already declined sharply ahead of the announcement.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Strategy closed at $121.07 on November 10, down about 16.6% from $145.16 on October 28.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Much of the risk may already be priced in<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Market commentator Adrian Morris has argued that investors may have already accounted for a large portion of the potential MSCI impact.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He said an official exclusion announcement could still cause another decline.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, he does not view the event as necessarily threatening Strategy\u2019s survival.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">His argument is that markets often begin pricing expected index changes before the official implementation date.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That means the eventual announcement may have a smaller effect than investors fear if much of the selling has already occurred.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Index exclusion is not the same as business failure<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Losing MSCI index membership would be significant for Strategy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">But it would not automatically force the company to shut down or sell its Bitcoin.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The immediate effect would primarily fall on investors holding MSTR through affected funds.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Strategy would remain a publicly traded company.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Its Bitcoin holdings would also remain unchanged unless management decided to sell them for another reason.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">MSCI removal would not require Strategy to sell BTC<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">This distinction is particularly important.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">MSCI controls index membership.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It does not control Strategy\u2019s Bitcoin treasury.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If MSTR is removed from certain indexes, passive funds may sell Strategy shares.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">But Strategy itself is not required to sell Bitcoin simply because its stock leaves those benchmarks.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Any Bitcoin sale would depend on the company\u2019s own liquidity, financing and capital-allocation decisions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Strategy continues buying Bitcoin<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Despite the pressure on its stock, Strategy has continued adding to its Bitcoin treasury.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On November 9, the company disclosed the purchase of another 1,036 BTC.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That brought its total holdings to approximately 850,364 BTC as of November 8.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company remains committed to its Bitcoin accumulation strategy even as MSTR shares trade lower.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Strategy also repurchased preferred shares<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Alongside its latest Bitcoin purchase, Strategy repurchased approximately $188.3 million of its STRC preferred shares.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company used proceeds from common stock sales to help finance those transactions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That reflects Strategy\u2019s increasingly complex capital structure.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It raises money through common stock, preferred securities and other financing instruments while continuing to expand its Bitcoin position.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Lower MSTR prices could make future fundraising harder<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">This is where MSCI exclusion could matter more indirectly.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Strategy has relied heavily on issuing equity to raise money for Bitcoin purchases.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If MSTR trades at a high valuation relative to the value of its Bitcoin holdings, issuing new stock can be attractive.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company can sell shares and use the proceeds to acquire more BTC.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If the stock price falls significantly, that strategy becomes less efficient.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Premium to Bitcoin holdings matters<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Strategy\u2019s financing model has often benefited from MSTR trading at a premium to the value of the company\u2019s underlying Bitcoin treasury.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A high premium means investors are willing to value the company at more than the market value of its Bitcoin alone.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That gives Strategy more flexibility to raise capital through stock issuance.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If MSCI-related selling pushes the stock closer to the value of its Bitcoin holdings, future equity issuance could become less attractive.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Falling stock prices could slow Bitcoin purchases<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A weaker MSTR price would not automatically stop Strategy from buying Bitcoin.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">But it could affect the company\u2019s preferred financing methods.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If common stock issuance becomes less attractive, Strategy may need to rely more on:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Preferred shares<\/li>\n\n\n\n<li>Debt<\/li>\n\n\n\n<li>Convertible securities<\/li>\n\n\n\n<li>Existing cash<\/li>\n\n\n\n<li>Other financing arrangements<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Each option carries different costs and risks.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Strategy still holds significant dollar liquidity<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">According to its November 9 disclosure, Strategy held approximately $4.9 billion in U.S. dollar assets in addition to its Bitcoin treasury.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That gives the company a meaningful liquidity buffer.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The cash position could help it manage obligations or continue making purchases even if equity financing becomes less attractive.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, the size of future Bitcoin acquisitions will still depend on market conditions and management decisions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Strategy\u2019s model depends heavily on capital markets access<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The company\u2019s Bitcoin strategy is not based only on operating cash flow.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It has increasingly relied on access to external capital.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That is one reason MSCI\u2019s new eligibility rules matter.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A methodology that penalizes businesses heavily dependent on external financing could place Strategy under additional scrutiny.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company\u2019s ability to keep issuing securities has been central to its rapid accumulation of Bitcoin.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Index removal could affect liquidity in MSTR<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Beyond forced selling, an MSCI exclusion could affect the stock\u2019s investor base.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Index membership often brings passive ownership and trading activity.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Removing a company from major benchmarks can reduce automatic demand from index-tracking funds.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It can also change liquidity patterns around the stock.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, MSTR remains widely traded and has a large base of active investors, so index removal would not eliminate liquidity entirely.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Other index providers could become important<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">One of the bigger long-term risks would be if other index providers adopt similar rules.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">MSCI alone represents one set of benchmarks.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If other major providers also decide that Bitcoin treasury companies should be excluded from traditional operating-company indexes, the effect could become larger.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That could create additional forced selling across passive investment products.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For now, the focus remains on MSCI\u2019s November review.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Strategy\u2019s share decline has already been substantial<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">MSTR has fallen around 17% over the past two weeks.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That decline may reflect several factors.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Investors are considering MSCI risk.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bitcoin prices have also been weak.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The broader market environment has been volatile.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It is therefore difficult to attribute the entire decline to the index review alone.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Bitcoin price still matters to MSTR<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Strategy\u2019s stock is highly sensitive to Bitcoin.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company owns more than 850,000 BTC, making the cryptocurrency one of the dominant drivers of its asset value.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A Bitcoin decline can reduce the value of Strategy\u2019s treasury.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A Bitcoin rally can increase it.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That means the MSCI announcement will not be the only factor affecting MSTR.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Index selling and Bitcoin weakness could reinforce each other<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The most difficult scenario for Strategy would be a combination of index-related selling and a falling Bitcoin price.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Lower BTC prices would reduce the value of the company\u2019s treasury.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Index-related MSTR selling could simultaneously weaken its stock.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That could reduce the premium available for future equity issuance.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The two effects together could make capital raising more difficult.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">A Bitcoin rally could offset some pressure<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The opposite is also possible.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If Bitcoin rises strongly, the value of Strategy\u2019s treasury increases.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That could support MSTR even if some passive funds are required to sell.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This is why the ultimate market impact of an MSCI exclusion cannot be determined from index flows alone.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bitcoin\u2019s own price movement remains critical.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What happens on November 11?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">MSCI\u2019s review announcement is the next major event.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Investors will be watching whether Strategy is formally removed from affected indexes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If it is, the focus will shift to the November 30 implementation date.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Markets will then monitor how much selling actually occurs and whether passive flows match earlier analyst estimates.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">The $2.8 billion figure is still an estimate<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">JPMorgan\u2019s estimate has received significant attention, but it should be interpreted carefully.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It is not a confirmed order to sell $2.8 billion of MSTR.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The actual amount could be lower or higher depending on:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Which benchmarks remove the stock<\/li>\n\n\n\n<li>How much each tracking fund holds<\/li>\n\n\n\n<li>Whether funds reposition early<\/li>\n\n\n\n<li>MSTR\u2019s share price at the time<\/li>\n\n\n\n<li>Trading activity around the rebalance<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">These variables can materially change the final result.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What investors should watch<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Several factors could determine the impact of the review.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The first is the actual MSCI decision.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The second is MSTR\u2019s trading volume and price reaction after the announcement.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Investors should also watch how much institutional ownership changes before November 30.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bitcoin\u2019s price will remain equally important.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Finally, Strategy\u2019s future capital raises will show whether the company\u2019s financing model has been materially affected.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Final thoughts<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Strategy faces a potentially important turning point as MSCI prepares to announce its November index review.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">An exclusion could force passive funds to reduce billions of dollars in MSTR exposure and add further pressure to a stock that has already fallen sharply.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, index removal would not force Strategy to sell its Bitcoin.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The more important long-term question is whether a weaker MSTR price makes it harder for the company to raise new capital and continue buying BTC at the pace investors have become accustomed to.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If much of the expected selling is already reflected in the stock, the market reaction could be more limited.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If passive rebalancing proves larger than expected, MSTR could face additional volatility into the November 30 implementation date.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For now, the focus is on MSCI\u2019s decision and what it means for Strategy\u2019s ability to keep using public markets to finance one of the largest corporate Bitcoin treasuries in the world.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Strategy is facing renewed pressure ahead of MSCI\u2019s November 11 index review, with the company at risk of being removed from major equity benchmarks under new eligibility rules. The potential exclusion matters because funds that track MSCI indexes may be forced to sell Strategy shares if the company is removed. JPMorgan analysts have previously estimated&#8230;<\/p>\n","protected":false},"author":3,"featured_media":17494,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,70],"tags":[69,65],"class_list":["post-17493","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-finance","tag-bitcoin","tag-crypto"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Strategy\u2019s MSCI Exclusion Could Trigger Billions in MSTR Selling - Crypto News<\/title>\n<meta name=\"description\" content=\"Strategy faces possible MSCI exclusion that could trigger billions in MSTR selling, potentially pressuring its stock and future ability to raise capital for Bitcoin purchases.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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