MSCI removes Strategy from its global stock indexes in a major blow to the world's biggest corporate bitcoin holder. Index giant MSCI confirmed on Wednesday, November 11, that Strategy — the company formerly known as MicroStrategy — will be dropped from its global benchmarks, with the changes taking effect on December 1. Strategy holds more than 850,000 bitcoin. Index funds tracking MSCI benchmarks may now have to sell around $2.8 billion of Strategy shares, and analysts warn that figure could reach $8.8 billion if other index providers follow. Strategy shares fell around 6 percent on Thursday, while bitcoin slipped below $72,000. This is a news report, not financial advice.
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