Morning Edition · Saturday, October 17, 2026Published at 1:38 AM EDT · New York

MSCI Adopts Rules That Classify Bitcoin Treasury Companies as Non-Operating, Putting Strategy on a Path Out of Its Indexes

MSCI will publish the final removal list on November 11, and deletions take effect at the close on November 30, which would force index-tracking funds to sell.

MSCI decided on the evening of October 15 to proceed with its proposal on "non-operating companies." BWE News relayed the index provider's website notice that it will remove Strategy, formerly MicroStrategy, following the consultation. Bitc…