MSCI Confirms Strategy and Metaplanet Removal at November’s Rebalance
Summary
MSCI will remove Strategy from its US standard indexes and Metaplanet from its Japanese small-cap indexes after trading closes on November 30. The change may prompt benchmark-tracking funds to adjust their shareholdings, but does not require either company to sell Bitcoin. Strategy estimates MSCI-linked funds held about 13 million shares, or 3.1% of its basic shares outstanding; that figure does not establish actual selling or outflows. Any effect on the companies’ ability to raise capital and buy Bitcoin will depend on investor demand, financing alternatives and management decisions. The review applies MSCI’s operating-activity eligibility methodology, not a regulatory judgment about Bitcoin holdings.
