MSCI has confirmed that Strategy and Metaplanet will leave the relevant equity indexes after the close on November 30. Strategy is included among the US standard-index deletions, while Metaplanet is being removed from Japan’s small-cap indexes. The rebalance may create selling pressure on their shares as funds tracking the affected benchmarks adjust their holdings, but it does not require either company to sell Bitcoin. Strategy estimates that MSCI-linked funds held roughly 13 million of its shares, or 3.1% of its basic shares outstanding, when it responded to the consultation. The rebalance execution, financing decisions and resulting demand for shares will determine the exclusion’s actual economic impact.
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