MSCI Deletion to Force $2.8B in Selling; Schiff Questions STRC Dividend
MSTR sits 40% above its 52-week low of $81.81.
Summary
MSCI will drop Strategy from the MSCI USA and MSCI World indexes after the November 30, 2026 close, and JPMorgan estimates benchmark funds could be forced to sell $2.8 billion of stock. The shares fell 6.49% to $114.41 Thursday on the news. That is a large forced-selling overhang for a company whose equity is already the funding engine for its bitcoin purchases. Separately, Peter Schiff questioned whether Strategy can sustain its Stretch preferred dividend, arguing STRC's yield assumptions depend on bitcoin gaining roughly 30% a year despite recent declines — a real pressure point given the Q3 10-Q showed BTC Yield at negative 11.9% as stock sales funded dividends and buybacks. Institutional flows were mixed: JPMorgan raised its Class A stake 36% in Q3, buying 224,545 shares for $25.5 million and holding 848,932 shares worth $97.1 million at September 30, while Renaissance Technologies cut its position substantially. Watch the November 30 close, when the index deletion takes effect and the rebalancing-related selling lands.
At the time of this announcement, MSTR was trading at $114.19 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $48.3B. The 52-week trading range was $81.81 to $234.84. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Wiseek News.