MSCI is weighing the removal of MicroStrategy from major global indexes due to Bitcoin holdings exceeding 50% of its total assets, a move that could cut $9 billion in stock demand. This is part of a broader review on crypto treasury firms that could trigger $10–$15 billion in forced sales across 39 companies with $113 billion in market cap. Crypto companies have criticized the plan as discriminatory, with a final decision expected January 15.