MSCI to Publish Final 'Non-Operating Companies List' Today; Strategy's Index Seat at Risk

Nov. 11 — According to Bitcoin.com, Strategy (Nasdaq: MSTR) will be included in MSCI's final November review list on Nov. 11, putting its index seat at risk. MSCI finalized new rules on Oct. 15 that make "non-operating companies" ineligible for its global investable market indexes, effective with the November index review. MSCI said it will publish the final list of affected companies on Nov. 11, with the changes taking effect on Nov. 30. JPMorgan analysts had previously estimated that Strategy's removal could trigger about $2.8 billion in selling by MSCI-tracking funds, but that figure was based on an earlier digital-asset proposal rather than the final rules.