Strategy Says MSCI Exclusion Would Have Limited Impact, Cites 3%-4% Share Exposure

Strategy CEO Phong Le said holdings tied to MSCI indexes represent only about 3% to 4% of the company’s outstanding shares, limiting the potential impact if the Bitcoin treasury company is removed from the indexes. 

Speaking during Strategy’s second-quarter 2026 investor Q&A, Le said an exclusion could generate short-term selling pressure but that he expects the broader effect to be limited.

Le said MSCI’s proposed rule change is inconsistent with the direction of the U.S. Securities and Exchange Commission (SEC), the Financial Accounting Standards Board (FASB), and current accounting treatment practices. 

Strategy plans to submit another formal response to MSCI and is seeking to persuade the index provider not to implement the proposed changes.

Source: Strategy