MSCI Removes MicroStrategy From Global Indices Starting in November

MSCI announced the removal of MicroStrategy from its global indices, including the MSCI USA Index. This decision takes effect at the market close on November 30. The company was reclassified as a non-operational issuer following a technical review of its assets.

Beyond MicroStrategy, the exclusion list includes Japan’s Metaplanet and the UK’s Yellow Cake. Current methodology requires operational assets to represent at least 50% of a company's total value. Firms that fail to meet multiple financial indicators lose their eligibility to remain in the provider's indices.

This adjustment changes how MSCI evaluates companies with large digital asset reserves. The new rule replaces previous proposals that focused specifically on crypto assets. The criteria now prioritize the operational nature of the business to determine index inclusion.

MicroStrategy held 850,364 Bitcoin as of November 8. The average acquisition cost totaled 64.16 billion dollars. Exclusion from global indices may pressure the financing model used by the company for its recurring cryptocurrency purchases.

This move reflects a structural change in market index governance. The removal of a large-cap company like MicroStrategy creates a direct impact on passive funds that track these portfolios. The market is watching how this restriction will affect stock liquidity and the company’s ability to expand its treasury.