Bitcoin-heavy firm Strategy (MSTR) remains in Nasdaq 100 despite annual reshuffle, accumulating 660,624 BTC worth $59.55 billion. Its business model tied to bitcoin price draws criticism for resembling investment vehicle more than traditional business. MSCI to decide in January on excluding crypto treasury companies like Strategy from benchmarks.

Nasdaq dropped six companies including Biogen and Lululemon in rebalance, adding Alnylam Pharmaceuticals and Ferrovial. Strategy faces possible MSCI index removal as concerns rise over classification as holding company potentially affecting billions in outflows. Changes in effect December 22.

Read more at Yahoo Finance: Michael Saylor’s Strategy Hangs on to Spot in Nasdaq 100 Index