Michael Saylor’s Strategy, the company famous for buying huge amounts of Bitcoin, is now in trouble. Its stock (MSTR) is at risk of being delisted from the Nasdaq 100 and MSCI USA indexes after a sharp price crash. Over the last six months, MSTR has performed too worst, dropping more than 57% in the past 6 months.
And more importantly, what does this mean for investors who trusted Saylor’s bold Bitcoin plan?
Why is Strategy on the Verge Of Being Delisted?
Strategy’s heavy exposure to Bitcoin as its primary treasury asset has made the company start to behave like a Bitcoin-powered stock. When Bitcoin went up, Strategy’s stock went up even faster. But now the opposite is happening.
Currently Bitcoin price has dropped from its ATH of $126,000 to around $85,000, and this big fall has hit Strategy very hard.
• The MSTR stock fell 40% in just one month
• And more than 57% in the last six months
Because of this huge drop, Strategy is no longer big or stable enough to stay inside the Nasdaq 100 or MSCI USA Index.
Meanwhile, these Indexes have strict rules. They only keep companies that show strong market value, steady trading activity, and good performance. When a stock becomes too small or too weak compared to others, it gets removed, even if it is well-known.
What Happens After Delisting?
JPMorgan analysts have cautioned that MSCI’s January 15, 2026, decision could formalize Strategy’s removal, which would take effect after the February 2026 index rebalancing.
If Strategy is removed from an index like MSCI USA, passive funds will likely sell their shares. One estimate says such forced selling could total $2.8 billion, and if more indices follow, it might reach up to $8 billion.
However, the company is still active on the market, it is not being removed from Nasdaq itself, only from the Nasdaq 100 and MSCI USA index lists.
If Strategy is removed from an index like MSCI USA, passive funds will likely sell their shares. One estimate says such forced selling could total $2.8 billion, and if more indices follow, it might reach up to $8 billion.
How Will This Affect Bitcoin?
Since Strategy holds 649,870 BTC, worth around $55.65 billion, its stock is often treated as a way for investors to get exposure to Bitcoin through a U.S. stock. If Strategy’s stock drops because of index exclusion, that channel of Bitcoin exposure shrinks.
In the short term, Bitcoin could drop more if people start to think that Strategy might sell BTC to raise money or cover losses. Even the rumor of selling can add pressure.
But if Strategy keeps holding and doesn’t sell, the delisting may not hurt Bitcoin directly.
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