Strategy safely adjusted through the Nasdaq 100 index, but still faces the risk of MSCI exclusion

According to Cointelegraph, Strategy has maintained its position in the Nasdaq 100 index during this year's annual adjustment, marking the first successful test since joining the index last December.

Recently, Strategy purchased approximately 10,624 BTC for about $962.7 million, bringing its total holdings to 660,624 BTC, valued at nearly $6 billion. Despite remaining in the index, Strategy's stock price still closed down 3.74% on the day, and has fallen over 15% in the past month.

MSCI is considering excluding companies that hold more than 50% of their total assets in crypto assets from the index, a move that could impact Strategy as early as January next year.

JPMorgan has warned that if MSCI implements this rule, passive funds tracking the index may be forced to sell up to $2.8 billion worth of Strategy stock. Strategy's Executive Chairman Michael Saylor and CEO Phong Le have written to MSCI, arguing that the company is an operating entity rather than a passive investment vehicle.