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MSCI decides to exclude Strategy Inc from global index

Reuters +1 · ·by G4L

MSTR Strategy Inc
$122.35 +1.06%
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STRC +0.10%
  1. 1MSCI confirmed it will exclude Strategy Inc from its global index effective December 1.
  2. 2An estimated $2.8 billion in share sales is expected from passive funds tracking Strategy.
  3. 3J.P. Morgan warned of potential sales reaching up to $8.8 billion if other index providers follow suit.

So what's the key point?

MSCI confirmed that Strategy Inc will be removed from its global index starting December 1.

Source Reuters +1 · View original ↗

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