MSCI will remove Strategy and MetaPlanet from its indices as of December 1st.
Index provider MSCI has decided to remove Strategy (MSTR), Metaplanet and Yellow Cake from its global indices. According to the new methodology, these companies are more like investment funds than operating businesses.
Strategy previously warned that MSCI's exclusion from the indexes could result in sales of about $2.8 billion of its shares by index funds.
According to J. According to Morgan, MSTR's potential outflow could reach $8.8 billion if other index providers make a similar decision.
Shares of Strategy fell 2.5% in after-hours trading following the announcement. ETH aggregator SharpLink (SBET) has also come under MSCI supervision.