MSCI Deletion Confirmed for Nov. 30; CEO Downplays 3% Index Exposure as Bitcoin Loss Hits $6.8B
MSTR sits 34% above its 52-week low of $81.81.
Summary
MSCI will drop Strategy from its global indexes after the November 30, 2026 close, following the Nov. 11 Reuters report that index providers view bitcoin-treasury firms as funds rather than operating companies. CEO Phong Le said on November 13 that only about 3% of shares are tied to MSCI indexes and expects little impact — a direct rebuttal to the forced-selling thesis. The balance sheet is the bigger problem: as of Nov. 8 the company held 850,364 BTC bought for $64.16 billion at a $75,456 average, worth $57.315 billion at $67,400 per coin, an unrealized loss of $6.845 billion. Institutional flows are mixed — JPMorgan raised its stake 36% to 848,932 shares by Sept. 30 while its put coverage jumped to 1,148,500 shares, and the Swiss National Bank trimmed to 714,100 shares in Q3. Watch the Nov. 30 close for the actual index exit and any forced selling around it.
At the time of this announcement, MSTR was trading at $109.73 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $47.1B. The 52-week trading range was $81.81 to $226.00. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Wiseek News.