MSCI has announced it will remove Strategy (MSTR), the Bitcoin treasury company led by Michael Saylor, from its equity indexes. The decision marks a significant classification shift for the firm, which has increasingly functioned as a leveraged proxy for Bitcoin exposure rather than a traditional operating business. The removal could trigger forced selling from passive funds and ETFs that track MSCI benchmarks, potentially creating short-term volatility for the stock. Market participants are now monitoring the effective date of the change and any subsequent reclassification of the company within global equity indices.