MSCI has confirmed that Strategy (MSTR) will be removed from its global indexes effective December 1. Funds tracking these indexes, which manage more than $21 trillion in assets, may reduce or liquidate their MSTR holdings, adding downward pressure to the stock. Institutional investors held about 209.52 million MSTR shares at the end of the second quarter, up 9.62%, despite share sales by Bank of America and Capital Research Global Investors. The removal could weaken institutional confidence in Strategy and more broadly in corporate Bitcoin treasury strategies, fueling further volatility in the crypto market.
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