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MSCI to Remove Strategy from US Index, Triggering $2.8B Forced Sell
MSCI will drop Strategy, the largest corporate holder of Bitcoin, from its MSCI USA Index at the close of November 30. Passive funds tracking the index must sell their holdings, potentially forcing about $2.8 billion of Strategy shares out of fund portfolios, according to JPMorgan analysts. The move follows MSCI’s November review filing and could impact the company’s stock price.