On November 12, 2026, PANews reported, citing Reuters, that index provider MSCI planned to remove Strategy and other companies from its global indexes because it viewed them as closer to investment funds. The reported move could reduce passive investment flows into their shares.
The removal list also included Tokyo-listed Metaplanet and UK uranium-buying company Yellow Cake. PANews said the companies were due to leave the MSCI USA and MSCI World indexes on December 1. Ethereum treasury platform SharpLink was on MSCI’s watch list, rather than the reported removal list.
The decision follows an earlier proposal. In 2025, MSCI proposed excluding digital-asset treasury companies whose digital-asset holdings made up at least 50% of total assets, then began a broader review of what it called “non-operating companies.” Strategy warned that year that its removal would prompt $2.8 billion in share sales and damage industry confidence. That figure was Strategy’s forecast, not a reported outcome.
The distinction matters: index eligibility and potential passive-fund selling are documented concerns here, but the source does not establish how much selling will occur or what effect it will have on share prices.
Original report: PANews, November 12, 2026, 07:54 (UTC+08:00).