MSCI Proposal Could Exclude Bitcoin Holders Strategy and Metaplanet From Indexes
MSCI's new consultation on non-operating companies may remove Strategy and Metaplanet from its indexes.
Index provider MSCI has launched a consultation that could lead to the exclusion of companies classified as non-operating from its stock indexes. The proposal specifically targets firms whose primary activity is not operational, and two notable Bitcoin treasury companies appear on the deletion list.
The two companies affected are Strategy and Metaplanet, both known for holding Bitcoin as a core part of their corporate treasury strategy. Under the proposed rules, companies that mainly manage assets rather than operate a business would no longer qualify for MSCI's indexes.
The consultation is still open, and affected companies or stakeholders can submit feedback before any final decision is made. The outcome could have implications for investor flows, as MSCI indexes are widely tracked by institutional funds.