MSCI Cuts Strategy and Metaplanet After a Year-Long Fight
4 Articles
4 Articles
MSCI Kicks Strategy Out of Its Indexes as MSTR Slides to a Three-Month Low
It is official. MSCI confirmed on Wednesday evening that Strategy is being removed from its global stock indexes, and the market did not waste any time passing judgment. Shares of the company formerly known as MicroStrategy fell about 7 percent on Thursday to around $114, the lowest level since August 20, after the index provider said the removal takes effect at the close on November 30. The decision had been expected for months, and Strategy i…
MSCI Cuts Strategy and Metaplanet After a Year-Long Fight
MSCI will remove Strategy and Metaplanet from its equity indexes at the end of November. The removals come from a new test for non-operating companies that covers every industry. Ethereum treasury company Sharplink stayed off the deletion list. Neither company has to sell any Bitcoin because of the decision. MSCI confirmed late on November 11 that Strategy (NASDAQ: MSTR), the largest corporate holder of Bitcoin, and Tokyo-listed Metaplanet (3350…
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