MSCI Proposal Sinks Strategy Shares Amid Bitcoin Sales and Crypto Downturn

Shares of Strategy (NASDAQ:MSTR), a bitcoin development company, plummeted 3.5% in the afternoon session after index provider MSCI proposed removing it from its Global Investable Market Indexes.

The proposal is part of a potential rule change affecting non-operating companies with large treasury asset holdings, which includes Strategy due to its massive Bitcoin reserves of roughly 840,400 BTC.

A final decision on the proposed removal, expected by October with changes planned for November 2026, could force investment funds that track MSCI benchmarks to sell their shares, creating significant selling pressure on the stock.