MicroStrategy (MSTR) Shares Decline Following MSCI Benchmark Removal Announcement
MicroStrategy (MSTR) shares dropped 6.5% in premarket trading after MSCI confirmed the company will be removed from its global equity benchmarks. The removal is scheduled to take effect at the close of trading on November 30. The decision stems from MSCI's implementation of new eligibility rules for companies within its indices. As a firm heavily defined by its Bitcoin treasury holdings, MicroStrategy no longer meets the specific criteria required for inclusion in these major global benchmarks.
Topics: Bitcoin Treasury MSCI Index Removal Stock Price Drop