MSCI finalizes rule to remove Bitcoin treasury firms like Strategy from global indexes

MSCI has finalized a rule treating "non-operating companies" as ineligible for its Global Investable Market Indexes, effective Nov. 30. The change targets firms like Strategy and Metaplanet whose balance sheets are dominated by crypto assets, scrapping a temporary 2025 reprieve for companies with 50%+ digital-asset holdings. The affected list will be published on Nov. 11. Removal would force index-tracking funds to sell the affected shares.