Bitcoin Treasury Giant Strategy Faces Index Removal Under Finalized MSCI Rules

MSCI finalized rules that could exclude companies whose digital-asset holdings make up at least 50% of total assets, putting Bitcoin-heavy Strategy at risk of removal from MSCI indexes. The change is not a blanket ban on corporate Bitcoin ownership, but targets firms MSCI considers investment funds rather than operating companies. If excluded, Strategy could face selling by index-tracking funds and reduced institutional exposure, though the scale depends on other index providers’ decisions. The episode highlights how benchmark rules can affect demand for publicly traded Bitcoin proxies without changing Bitcoin’s underlying protocol or supply.