MSCI PROPOSES RULES THAT WOULD REMOVE STRATEGY FROM ITS INDEXES MSCI has proposed new rules targeting “non-operating companies” that, based on its May 2026 simulation, would result in $MSTR being removed from its Global Investable Market Indexes. Strategy is specifically named alongside Metaplanet and Yellow Cake as the only three simulated deletions from the MSCI ACWI IMI. The proposed methodology screens companies based on operating assets, expenses and cash flow, non-operating fair-value changes, and dependence on raising capital to accumulate assets. That last criterion directly targets Strategy’s model of issuing equity and debt to accumulate Bitcoin. This is NOT final. Consultation closes September 30, with MSCI’s decision expected by October 16 and potential implementation during the November 2026 Index Review.