Shares of Strategy, the Bitcoin treasury company led by Michael Saylor, closed at $114.41 on Thursday after a 6.49% drop. The day before, MSCI confirmed it is removing the company from its global equity indexes. The headline on Cointelegraph's report says the stock fell 5%, but the article body gives the 6.49% figure.
Bitcoin fell on the same day, as part of a wider decline across the crypto market. The price ticker on the report showed BTC at $71,323.14 and ETH at $2,015.93. The report was written by Nate Kostar, edited by Ana Paula Pereira and published on Nov 12, 2026.
The report confirms the index removal and the share price drop. It does not say how much of the drop came from the MSCI decision and how much came from the falling Bitcoin price. It also does not say when the removal takes effect or what Strategy has said in response.
For anyone already holding a perpetual position on Bitget, Bybit, MEXC or OKX, the index decision changes nothing directly. It is a stock market event, and the report contains no data on funding rates, trading fees or order book liquidity on any exchange. What does affect an open position is the lower Bitcoin price, which changes mark price and margin the way any price move does. Whether funding rates changed after the sell-off is not covered in this story.
Source: cointelegraph — Strategy stock sheds 5% amid MSCI index removal, Bitcoin sell-off