Morning Edition · Sunday, August 16, 2026Published at 1:37 AM EDT · New York
The asset-agnostic test names no digital asset, but applied to May data it removes Strategy, Metaplanet and a uranium holder from a benchmark tracked by passive money.

MSCI opened a public consultation on 14 August that would make what it calls non-operating companies ineligible for its Global Investable Market Indexes. The proposed screen applies an operating-asset threshold followed by five financial ra…
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Part of a tracked trend
Leveraged Bitcoin Treasury Vehicles Show Financing Strain
Over ~3-9 months, Bitcoin treasury companies face mounting financing stress as their funding instruments trade below par on dividend-coverage doubts, testing the sustainability of the debt/preferred-funded accumulation model.
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