MSCI adopts rule removing Strategy and other 'non-operating' companies from its indexes from Nov 30; Strategy shares fall 4%

MSCI officially adopted a rule on October 15 removing Strategy and other 'non-operating' companies that mainly hold assets instead of running a business from its global indexes, effective at the November 30 close. The final list of affected companies is due November 11. Strategy (MSTR) shares fell about 4% on the news while bitcoin dropped 0.5%.

Detected & updated continuously · Source: Nebula