Strategy's decline widens to 6.46%, potentially facing index removal risk due to a new MSCI rule.

According to Gate market data, Strategy (MSTR) shares have slipped further, now down 6.46% to $141.5. On the news front, MSCI is planning to roll out a new set of criteria that will use operating‑asset ratios and several financial‑ratio tests to exclude companies whose asset structures and operating characteristics resemble investment funds more than traditional operating businesses. Because Strategy’s bitcoin holdings make up an unusually high share of its assets, the firm has been placed on a watch list for possible removal. The final list of affected companies is expected to be released on November 11. Market observers say that if MSTR is dropped from MSCI‑linked indexes, passive funds tracking those indexes would have to cut their positions, potentially triggering multibillion‑dollar selling pressure and challenging Strategy’s reliance on equity financing to keep adding bitcoin.