Strategy, the World’s Biggest Corporate Bitcoin Holder, to Be Dropped From MSCI Indexes

A facts-only brief, written by a local AI model from this article in The Wall Street Journal, November 12, 2026. It may contain mistakes, and it is not the article: the full story is at wsj.com.

MSCI announced Wednesday that Strategy, the largest corporate bitcoin holder, will be removed from its global benchmarks effective November 30. The index provider established new eligibility rules classifying firms without substantial operating assets as nonoperating, rendering them ineligible for inclusion. This decision forces passive funds tracking MSCI indices to sell Strategy shares, potentially triggering significant selling pressure. Other index providers may adopt similar rulings, which could further impact the stock.

Background

• Strategy holds over 850,000 bitcoin with an aggregate purchase price exceeding $64 billion, according to an SEC filing.
• Strategy stated that funds tracking MSCI indices hold only 3.1% of its shares and described the proposal as discriminatory and arbitrary.
• The company encouraged shareholders to contact MSCI to oppose the change.
• Strategy shares declined 4.9% in premarket trading following the announcement.

Read the full article at wsj.com

More from Thursday, November 12: