MSCI has adopted index exclusion rules that could remove Strategy from its indices. Strategy, Metaplanet, and Upexi were previously identified for potential deletion under the new methodology. MSCI will announce its final list of companies subject to exclusion on November 11.

The index provider's adoption of these rules marks a significant shift in how it evaluates and manages its benchmark indices. Companies flagged for deletion face removal from MSCI's widely tracked indices, which institutional investors use as benchmarks for portfolio construction and performance measurement.

The timing of MSCI's announcement in mid-November will clarify which companies ultimately face exclusion. Index removal can trigger forced selling from passive funds that track MSCI benchmarks, potentially affecting share prices and market liquidity for affected companies.