Strategy’s MSCI exclusion could trigger billions in MSTR selling

Strategy has faced renewed pressure ahead of MSCI's November 11 index review, with its possible removal from major equity benchmarks threatening to trigger billions of dollars in institutional share sales. MSCI is scheduled to announce its November 11 index review, with Strategy facing potential removal under new eligibility rules for companies classified as nonoperating businesses. JPMorgan analysts previously estimated that Strategy's exclusion could trigger roughly $2.8 billion in institutional selling, while around 13 million MSTR shares are held by funds tracking MSCI indexes. MSTR shares have fallen approximately 17% over the past two weeks, raising concerns about Strategy's ability to raise capital through future stock offerings to finance Bitcoin purchases.

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