MSCI confirmed the removal of Strategy, the first listed bitcoin holder, from the MSCI USA, MSCI World and ACWI indexes at the November 30 close. The decision follows the first application of its new filter for companies deemed non-operating, which also led to five other companies being removed. Funds replicating these indexes will have to sell their Strategy shares, in an operation JPMorgan estimated at $2.8 billion in 2025. The exclusion leaves Strategy without index-based buyers as it seeks to finance additional bitcoin purchases through share and convertible bond issues. Capital B was also placed on MSCI’s watch list with a free-float market capitalization of $67.8 million.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
