Strategy’s Bitcoin plan faces November 11 index decision

MSCI’s November 11 announcement could remove Strategy from global equity indexes. The decision puts a source of demand for MSTR shares under scrutiny as the company continues using share sales to finance Bitcoin purchases. MSCI will announce its final November constituent decisions on November 11. The new eligibility rules take effect after the November 30 close. MSCI’s potential-impact list identifies 5 possible deletions, including Strategy and Metaplanet. Strategy estimates relevant index funds hold approximately 13 million MSTR shares, or 3.1% of its basic shares. The company reported 848,517 BTC as of October 25 in its latest disclosures.