Strategy and Metaplanet face MSCI index removal as $3B in outflows loom

Filings published Wednesday confirm that MSCI will remove Bitcoin-focused treasury firm Strategy (MSTR) from its USA Index and Metaplanet (3350.T) from its Japan Small Cap Index, effective as of the close of business on November 30. Many market watchers anticipated the delistings following MSCI’s adoption of stricter eligibility criteria for non-operating entities last month, which put several digital asset treasury firms at risk of exclusion. However, Ethereum treasury company Sharplink survived the November small-cap review. At the moment, some expect that Strategy and Metaplanet could see investors pull money out of their shares as funds adjust their positions following the index exclusion. According to Strategy’s filing, passive funds tracking MSCI indexes own nearly $3 billion in MSTR shares, representing more than 3% of the company’s outstanding stock.

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