MSCI
MSCI, the maker of global equity benchmarks, finalized a rule on 30 Nov 2026 that classifies companies dominated by a single asset as “non‑operating” and excludes them from its Global Investable Market Indexes. The rule triggers listing removal for such firms, potentially affecting MicroStrategy (MSTR) and other Bitcoin‑heavy entities. Strategy opposes the decision and Michael Saylor has called it “discriminatory.” MSCI’s new criteria also drop Bitcoin from its indexes. Analysts estimate that a removal could trigger around $2.8 billion in passive selling of MSTR shares. MSCI’s new benchmark rules could affect Strategy. MSCI excludes Bitcoin as permanent MSCI approved rules on October 15, 2026 targeting companies that behave more like investment vehicles, affecting Strategy Sam Callahan comments on MSCI’s exclusion regarding Bitcoin MSCI finalized a rule treating Strategy as a non‑operating company ineligible for its Global Investable Market Indexes. Michael Saylor urged MSCI to drop its discriminatory rule.· Entity summary generated by Graphiti
Relation timeline
BY VALID-FROM DATE- MSCIFINALIZES RULE FORMSCI Global Investable Market Indexes
MSCI finalized a rule treating non‑operating companies as ineligible for its Global Investable Market Indexes
- Morgan StanleyIMPLEMENTS PROPOSALMSCI
Morgan Stanley Capital International will implement the proposal to define and classify non‑operating companies as ineligible for inclusion in the MSCI Global Investable Market Indexes.
- StrategySUBJECT TOMSCI
Strategy SUBJECT_TO MSCI rule treating non-operating companies as ineligible for its Global Investable Market Indexes from close of November 30
- Michael SaylorURGED TO DROP RULEMSCI
Michael Saylor urged MSCI to drop its discriminatory rule.
- MSCIEXCLUDESBitcoin
MSCI excludes Bitcoin as permanent
- Sam CallahanCOMMENT ONMSCI
Sam Callahan comments on MSCI’s exclusion regarding Bitcoin
- MSCIAFFECTSStrategy
MSCI’s new benchmark rules could affect Strategy.
- Jeff ParkDISCUSSEDMSCI
Jeff Park discusses MSCI in the context of Bitcoin preferred securities
- MSCIEXCLUDESBitcoin
MSCI excludes Bitcoin from its index
- MSCITHREATEN EXCLUSION OFMicroStrategy
MSCI’s new index eligibility criteria threaten to exclude MicroStrategy from global benchmarks
- MSCIPLACED ON WATCHLISTMetaplex
MSCI placed Yellow Cake on a proposed watchlist
- MSCIPLACED ON WATCHLISTSharplink, Inc
MSCI placed SharpLink on a proposed watchlist
- MSCIPLACED ON WATCHLISTStrategy
MSCI placed Strategy on a proposed watchlist
- MSCIPLACED ON WATCHLISTMetaplanet
MSCI placed Japan's Metaplanet on a proposed watchlist
- MSCIEXCLUDES FROMKeen Games’ Enshrouded
New methodology excludes companies classified as non-operating businesses from its Global Investable Market Indexes
- MSCIIDENTIFIED FOR DELETIONMetaplex
MSCI had already identified Yellow Cake for potential deletion
- MSCIADOPTSKeen Games’ Enshrouded
MSCI announced it would adopt a new methodology excluding companies classified as non-operating businesses from its Global Investable Market Indexes
- JPMorganESTIMATEDMSCI
JPMorgan analysts estimated that MSCI removal could trigger $2.8 billion in passive selling of MSTR shares
- MSCIIDENTIFIED FOR DELETIONStrategy
MSCI had already identified Strategy for potential deletion in an August simulation
- MSCIANALYST FORIndex Ventures
Kim Sung-geun is an analyst for Mirae Asset Securities
- MSCIPOTENTIAL EXCLUSION OFSupermicro
MSCI identified Yellow Cake as a potential exclusion from its indexes
- MSCIPOTENTIAL EXCLUSION OFMetaplanet
MSCI identified Metaplanet as a potential exclusion from its indexes
- MSCICREATED INDEXMSCI World
MSCI creates the MSCI World index
- MSCIPOTENTIAL EXCLUSION OFTon Strategy Company
MSCI identified SharpLink as a potential exclusion from its indexes
- StrategyOPPOSESMSCI
Strategy opposes MSCI’s proposal to remove it from MSCI indexes
- MSCICREATED INDEXMSCI Emerging Markets
MSCI creates the MSCI Emerging Markets index
- MSCIEXCLUDESSharplink, Inc
MSCI excludes SharpLink from its index rules
- MSCIWILL REMOVEStrategy
MSCI will remove Strategy from its global indexes under the new index exclusion rules.
- MSCIWILL REMOVEMetaplanet
MSCI will remove Metaplanet from its global indexes under the new index exclusion rules.
- MSCIWILL REMOVEUpexi
MSCI will remove Upexi from its global indexes under the new index exclusion rules.
- MSCIAPPROVED RULES TARGETINGStrategy
MSCI approved rules on October 15, 2026 targeting companies that behave more like investment vehicles, affecting Strategy
- MSCIDEEMED INELIGIBLE FORStrategy
MSCI finalized a rule treating Strategy as a non‑operating company ineligible for its Global Investable Market Indexes.
- Michael SaylorCRITICIZESMSCI
Michael Saylor called the MSCI rule discriminatory
Relations are facts Graphiti extracted from reports, not verbatim quotes. An end date means later reporting showed the relation no longer holds.
Events 4
- 3 Stocks to Watch This Week as Earnings Season Hits Crypto1 cited report · 2026-10-25
- Strategy Buys $22M in Bitcoin, Buys Back $193M of STRC1 cited report · 2026-10-19
- KOSPI Rebounds 3%, but Fed Rate Hike Fears Could Cap the Recovery1 cited report · 2026-10-16
- MSCI adopts index exclusion rules that could oust Strategy2 cited reports · 2026-10-16
Source reports 15
- Strategy Pauses Bitcoin Buying, Spends $205M Buying Back STRCDecrypt · 2026-10-26
- 3 Stocks to Watch This Week as Earnings Season Hits CryptoBeInCrypto · 2026-10-25
- Sam Callahan: Bitcoin Doesn’t Need Rate Cuts to SucceedBitcoin Magazine · 2026-10-20
- Strategy’s discretionary cash falls 72% as buyback authorization rises to $3 billionCryptoSlate · 2026-10-20
- Strategy Buys $22M in Bitcoin, Buys Back $193M of STRCDecrypt · 2026-10-19
- Jeff Park: What The AI Pain Trade Means For BitcoinBitcoin Magazine · 2026-10-19
- Fundstrat Analyst Sean Farrell: Bitcoin to $100k by Year End + MSTR MSCI ExclusionBitcoin Magazine · 2026-10-19
- CryptoQuant CEO sees $30,000 Bitcoin floor even if ETFs and treasury firms exitCryptoSlate · 2026-10-18
- Bitcoin Treasury Giant Strategy Faces Index Removal Under Finalized MSCI RulesDecrypt · 2026-10-17
- MSCI To Move Forward With Proposal That Could Exclude Strategy From IndexBitcoin Magazine · 2026-10-17
- MSCI’s new rules could squeeze Strategy’s Bitcoin buying machineCryptoSlate · 2026-10-17
- KOSPI Rebounds 3%, but Fed Rate Hike Fears Could Cap the RecoveryBeInCrypto · 2026-10-16
- MSCI adopts index exclusion rules that could oust StrategyCointelegraph · 2026-10-16
- MicroStrategy Could Be Removed From Major Global Stock IndexesBeInCrypto · 2026-10-16
- MSCI finalizes index rules that put Strategy, crypto treasury firms at risk of exclusionThe Block · 2026-10-16