Strategy Holds Nasdaq-100 Spot While MSCI Delisting Looms

Highlights:

• Strategy remains part of the Nasdaq-100 after the annual update this year.
• Some companies joined and left the Nasdaq-100, but Strategy’s position stayed steady.
• Index reviews like MSCI could affect companies holding large Bitcoin assets.

Strategy, led by Bitcoin supporter Michael Saylor, has successfully kept its place in the Nasdaq-100 Index after the annual reconstitution. This confirms the company remains visible among major U.S. market benchmarks. Nasdaq officially stated that the Strategy continues to be one of the top 100 companies for another year.

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According to Nasdaq’s announcement on Friday, six new companies joined the index while six others were removed, leaving Strategy’s position unchanged. The update will take effect on December 22, securing the company’s spot for a full 12 months since it first entered the index in December last year. Being in the Nasdaq-100 keeps Strategy included in major exchange-traded funds like Invesco QQQ. These ETFs manage tens of billions in assets and make Strategy visible to many institutional and retail investors.

💥BREAKING:

🇺🇸 STRATEGY REMAINS IN THE NASDAQ 100 INDEX ACCORDING TO REUTERS. pic.twitter.com/GMRZvSWnCU

— Crypto Rover (@cryptorover) December 13, 2025

MSCI Review Could Affect Bitcoin-Focused Companies

Even though Nasdaq has confirmed Strategy’s place, the company could face risks from another major index provider, MSCI. The firm is reviewing whether to remove companies that hold more than 50% of their assets in digital currencies like Bitcoin. A final decision is expected around January 15, 2026.

According to Reuters, Strategy (MSTR) Chairman Michael Saylor said the company is engaging with index provider MSCI regarding a potential exclusion from its indices. MSCI is expected to make a decision on January 15. JPMorgan previously noted that if the exclusion takes effect…

— Wu Blockchain (@WuBlockchain) December 3, 2025

Analysts warn MSCI or other indexes might remove Strategy, causing billions in fund outflows. This could lead to the large-scale selling of Strategy shares. JPMorgan said passive funds hold about $2.8 billion in Strategy stock, and MSCI’s decision could affect them.

For now, Strategy’s continued presence in the Nasdaq-100 shows growing acceptance among mainstream investors of companies heavily linked to BTC, even as questions about their classification remain. The company, formerly called MicroStrategy, is now the largest corporate Bitcoin holder. After buying 10,624 BTC for about $962.7 million last week, Strategy’s total holdings reach 660,624 BTC, valued at nearly $60 billion.

Debate Over Strategy’s Business Model Intensifies

Strategy’s place in major indexes has attracted attention because its model is unusual and mixes operating company functions with investment activities. MSCI is reviewing companies that mainly raise money to buy digital assets, and it is considering a 50% crypto holding limit.

On December 10, Strategy’s leaders sent a letter to MSCI. They explained that the company works like a normal business, raising funds through preferred stock and other tools to make new purchases. They said the company should not be seen as just holding Bitcoin, but as a functioning operating business. The MSCI decision could have a major effect on Strategy’s market position and stock liquidity.

Strategy recently secured $1.44 billion to ease investor concerns about meeting dividend and debt obligations if its share price dropped further. “There was FUD that was put out there that we wouldn’t be able to meet our dividend obligations, which causes people to pile into a short Bitcoin bet,” Le said. At the Bitcoin MENA event, Saylor said he’s pitching Bitcoin as “digital gold” and “digital capital” to attract institutional investors.

MICHAEL SAYLOR HAS BEEN MEETING WITH SOVEREIGN WEALTH FUNDS & BANK MANAGERS TO DISCUSS #BITCOIN. 🚀

TRILLIONS ARE ABOUT TO ROTATE IN.

ARE YOU READY? pic.twitter.com/ggwTfVrWF6

— The Moon Show (@TheMoonShow) December 8, 2025

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