[Strategy and Crypto Treasury Companies Face Risk of Being Removed from Stock Indices] Strategy (MSTR.O) may be removed from major stock indices such as MSCI. Analysts indicate that the removal could result in a loss of approximately $9 billion in stock demand for Strategy. In October, MSCI proposed excluding companies with digital asset holdings accounting for 50% or more of total assets from the MSCI Global Benchmark Index, as MSCI considers such companies to resemble investment funds. MSCI will announce its final decision on January 15. If MSCI excludes crypto treasury companies, other index providers may follow suit.