MSCI will remove Strategy, the largest corporate bitcoin holder, from the MSCI USA Index as of the close of Nov. 30, the index provider said Wednesday, after a new screen classified the company as a non-operating issuer.

The decision is part of MSCI’s November 2026 Index Review, posted shortly after 5 p.m. ET. Official additions and deletions lists show Strategy (MSTR) out of its USA Index, which also takes it out of the broader MSCI World and ACWI indexes. The same review deletes Japan’s Metaplanet from the MSCI Japan Small Cap Index and uranium holder Yellow Cake from the MSCI United Kingdom Small Cap Index, and it removes Iceland’s Skel Fjárfestingafélag from the MSCI…

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