MSCI to Remove Strategy From Global Equity Benchmarks
MSCI will remove Strategy from its global equity benchmarks, including the MSCI USA index, at month-end. The report also says investors are dumping a chunk of the company’s stock.
By George GloverThe problems are piling up for Strategy stock, which has tumbled this year due to a prolonged slump in cryptocurrency prices.Index provider MSCI will boot the Bitcoin investor out of its global equity benchmarks, including the MSCI USA index, at the end of the month.MSCI said it wou…