Michael Saylor's Strategy Inc is at risk of being removed from major benchmarks like the MSCI USA and Nasdaq 100, according to Bloomberg. The potential exclusion is due to MSCI's consultation on whether to exclude companies with digital-asset holdings exceeding 50% of total assets. This move follows feedback from market participants who argue that such firms resemble investment funds more than traditional index constituents. A decision is expected by January 15, with nearly $9 billion in market exposure tied to passive vehicles associated with the company.