Strategy and bitcoin-buying firms face wider exclusion from stock indexes

By Elizabeth Howcroft PARIS, Dec 19 (Reuters) - Michael Saylor's Strategy could soon be dropped from MSCI and potentially other major stock indexes, which analysts say could cost the bitcoin-hoarding giant up to $9 billion in demand for its shares and hurt the wider appeal of the sector. After queries ​from clients, MSCI in October proposed ditching from its global benchmarks companies whose digital asset holdings represent 50% or more of their total assets. ‌It says they resemble investment funds, which ...