Bitcoin Treasury Giant Strategy Faces Index Removal Under Finalized MSCI Rules
Summary
MSCI finalized rules that can exclude companies viewed as non-operating investment vehicles from its global equity indexes, potentially affecting Bitcoin treasury firms such as Strategy and Metaplanet. The rules take effect after the Nov. 30 review and assess financial ratios, with safeguards requiring existing constituents to fail screens across two annual filings before removal. MSCI will publish affected companies on Nov. 11 and end its temporary exemption for firms holding at least 50% of assets in digital assets. Index-tracking funds may have to sell excluded shares, putting pressure on prices and the premium treasury companies trade over their crypto holdings.
