MSCI confirms Strategy’s removal from indexes at end of November

Strategy, Metaplanet and Upexi are marked for deletion in MSCI’s final list, with changes taking effect after the Nov. 30 close.

Index provider MSCI has confirmed Bitcoin treasury company Strategy will be removed from its global equity indexes, following months of debate over whether crypto treasury firms qualify as operating businesses.

MSCI’s final list of affected securities, released as part of its November index review, lists “STRATEGY A” with the action “Deleted.” Japan’s Metaplanet and crypto treasury company Upexi are also marked for deletion, while Ether treasury firm Sharplink is on a watchlist.

Strategy shares fell 1.65% in after-hours trading on Wednesday.