This article first appeared on GuruFocus. Strategy Inc (NASDAQ:MSTR) shares dropped 6.83% to $113.99 at 9:35 a.m. ET in early regular-session trading on November 12 after MSCI's November 2026 index review listed the bitcoin treasury company among deletions from the MSCI USA Index. The change takes effect at the close of business on November 30. Warning! GuruFocus has detected 9 Warning Signs with MSTR. Is MSTR fairly valued? Test your thesis with our free DCF calculator. The removal follows MSCI's October 15 rule targeting "non-operating companies," which flags firms whose operating assets are under half of total assets and that fail at least four of five financial ratios, Protos reported at the time.
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