MSCI Rule Change Puts Strategy Inc. at Risk of Index Exclusion

Key Facts

MSCI finalized rules classifying firms with balance sheets dominated by a single asset as ineligible non-operating companies for its global indices. Decrypt reported that these new criteria will take effect starting November 30, placing Strategy Inc. at risk of removal from the benchmarks. The index provider aims to refine its methodology to exclude entities that function as asset holding vehicles rather than traditional operating businesses.

MSTR closed at $151.29 on October 15, 2026, having traded between a day low of $134.89 and a high of $151.33. The rule change targets corporate issuers lacking substantial operating assets, a move that could trigger forced selling by passive funds and ETFs that track MSCI benchmarks.