MSCI has ended its review of digital asset treasury companies and opted to keep them eligible for its major indexes, allowing bitcoin-heavy firms like Strategy to remain included under existing rules.
Index giant MSCI announces its decision January 15 on excluding companies with over 50% digital assets, including Bitcoin holders MicroStrategy and Metaplanet, potentially triggering $10-15B in forced sales and reshaping corporate Bitcoin strategies.
A proposed MSCI digital asset rule risks distorting index neutrality by redefining operating companies using balance-sheet thresholds instead of fundamentals.
Strategy released a letter to MSCI arguing that their proposed digital asset threshold is “misguided” and would have “profoundly harmful consequences."
Bitcoin For Corporations (BFC) challenged MSCI’s plan to exclude companies with over 50% of assets in digital assets, arguing it unfairly penalizes operating businesses.