MSCI to move forward with proposal to exclude Strategy from global equity benchmarks

MSCI announced it will implement a proposal to define and classify non-operating companies as ineligible for the MSCI Global Investable Market Indexes. This change, tied to the November 2026 Index Review, could eventually exclude Strategy (formerly MicroStrategy), the largest corporate holder of bitcoin with 848,250 bitcoins, from the index. If removed, fewer institutional investors would be able to hold the stock.