According to Reuters, MSCI will remove Strategy (MSTR), Japanese Bitcoin treasury company Metaplanet, and British uranium investment company Yellow Cake from its global indices using a new screening methodology for non-operating companies. The adjustment will take effect on December 1st. MSCI believes these companies are more akin to investment funds than operating businesses. Strategy previously warned that its removal could lead to a sell-off of approximately $2.8 billion worth of its stock. JPMorgan Chase previously estimated that if other index compilers take similar measures, the outflow of funds from Strategy's stock could reach as high as $8.8 billion. Following the announcement, Strategy's stock price fell 2.5% in after-hours trading on Wednesday. Additionally, Ethereum treasury company SharpLink (SBET) has been placed on MSCI's watch list. https://wublock123.com/news/news-71783