Strategy to Leave MSCI Indexes By Month End, Metaplanet Also Out

Strategy (MSTR) and Metaplanet will exit MSCI indexes at the Nov. 30 close after being flagged by MSCI's non-operating company screen, with Strategy the only one of 24 U.S. Index deletions not reassigned to small cap. The removal affects the two largest corporate bitcoin holders, potentially forcing index-tracking funds to sell shares and weighing on both stocks. Metaplanet, listed in Japan, also drops out entirely rather than moving to a smaller-cap benchmark. Investors will watch for selling pressure around the Nov. 30 rebalance and whether Strategy's premium to net asset value narrows as passive flows exit.