According to CryptoSlate, MSCI has scheduled the removal of Strategy from the MSCI USA Index as of the close on November 30. Citing company disclosures, the report noted that between November 2 and 8, Strategy used $188 million from common stock issuance proceeds to repurchase STRC preferred stock and $82 million to purchase Bitcoin. The article analyzes that if the index adjustment impacts share price and demand, it could indirectly affect future secondary equity financing; index funds selling shares they already hold does not directly withdraw capital from the company, nor does it equate to the company selling its Bitcoin.