Strategy (NASDAQ: MSTR), the largest corporate holder of Bitcoin, is in discussions with MSCI regarding a potential removal from the MSCI USA and MSCI World indices. A decision is anticipated by January 15, 2026. The removal could lead to an outflow of up to $8.8 billion, particularly affecting passive investment vehicles like ETFs. Executive Chairman Michael Saylor acknowledged the company's involvement in the process but expressed uncertainty about the predicted capital outflow. He highlighted the impact of Bitcoin's recent price drop from its October high of $120,000, alongside economic uncertainties and the AI bubble, on risk assets. Strategy's stock has declined over 37% this year, reflecting broader market challenges.