Strategy Shares Plummet on MSCI Index Removal Proposal

Strategy (MSTR) shares fell 3.5% in afternoon trading after MSCI proposed removing the company from its Global Investable Market Indexes.

The proposal affects non-operating companies with large treasury asset holdings, a category that includes Strategy due to its massive Bitcoin reserves of roughly 840,400 BTC.

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