MicroStrategy Could Be Removed From Major Global Stock Indexes

Michael Saylor’s Bitcoin giant could lose its place in major global stock indexes, potentially forcing investment funds to sell shares even if they still believe in the company. On Thursday, MSCI approved new rules to remove companies that behave more like investment vehicles than operating businesses. Its earlier simulation identified Strategy, formerly MicroStrategy , and Japan’s Bitcoin buyer Metaplanet as potential exclusions. UK uranium holder Yellow Cake was also flagged, while Ethereum treasury firm SharpLink could enter a watchlist. Why Does MSCI Want Strategy Out? MSCI creates indexes such as MSCI World and MSCI Emerging Markets. Fund managers use these benchmarks to decide which shares to hold, and index-tracking ETFs automatically follow changes.

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