Update
MSCI Removes Strategy from Stock Indexes
MSCI, one of the world's largest providers of stock indexes, has decided to remove Michael Saylor's Bitcoin company, Strategy, from some of its major investment benchmarks. This decision, effective November 30, means Strategy's MSTR shares will be removed from the MSCI USA Index and broader indexes that include U.S. companies like the MSCI World and MSCI All Country World indexes. This exclusion is due to MSCI's new rules for non-operating companies, which consider a company's operating assets and other financial measures. Strategy argues that its Bitcoin activities should not be considered as running a company, but rather as managing an investment.