Strategy Loses MSCI Index Spot as Bitcoin Bet Faces New Test

MSCI confirmed Strategy’s removal from its USA Index, setting up portfolio changes for funds tracking the benchmark. The decision followed a dispute over how the index provider classifies companies whose businesses center on holding assets. Index provider MSCI named Strategy Inc. (Nasdaq: MSTR) for removal from its USA Index on Nov. 11. The benchmark tracks large and midsize U.S. companies. Its index review results identified “STRATEGY A,” the company’s publicly traded Class A common stock, which trades under the ticker MSTR. Across the USA Index, the changes included 24 deletions, including Carlyle Group and Iren, with Moderna the sole addition. MSCI stated: The review used an Oct. 20 price cutoff and remained subject to adjustments for corporate events and other relevant developments before implementation.

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