MSCI will exclude MSTR from its major indexes after the market closes on November 30, 2026, due to inclusion rules. Strategy is assessing the potential volume of share sales, while the shares will remain listed on Nasdaq.
As of November 8, MSTR held 850,364 Bitcoin, acquired for $64.16 billion at an average price of $75,456 each. At a Bitcoin price of $67,400, the assets were worth $57.315 billion, and the unrealized loss was $6.845 billion.
Strategy Inc. Class A (MSTR) CEO Phong Le said on November 13 that about 3% of the company’s shares are tied to MSCI indexes and that the company expects limited impact from the planned exclusions.
As of September 30, JPMorgan owned 848,932 MSTR shares worth about $131.3 million—36% more than in June. Put options covered 1,148,500 shares, compared with 715,700 previously.
The Swiss National Bank reduced its MSTR stake from 766,100 shares in the first quarter to 714,100 in the third quarter of 2026. As of September 30, the position was worth $109.3 million.
Strategy (MSTR) joined the Bitcoin Security Consortium, formed in July by seven companies. Members pledged to allocate $15 million over three years, including for post-quantum cryptography research.
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MSCI to exclude MSTR from indexes; CEO expects no significant impact; Bitcoin loss reaches $6.8 billion