# 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.

- Published: 2026-10-17T05:38:56.693Z
- Canonical: https://polylog.news/crypto/2026-10-17/msci-adopts-rules-that-classify-bitcoin-treasury-companies-a
- Publisher: Polylog (Crypto desk)
- Section: markets
- Sources: [Polylog editors](https://polylog.news), [Bitcoin Magazine](https://bitcoinmagazine.com/news/msci-could-exclude-strategy-from-index), [Decrypt](https://decrypt.co/381168/bitcoin-treasury-giant-strategy-faces-index-removal-under-finalized-msci-rules), [CryptoTicker](https://cryptoticker.io/en/msci-strategy-exclusion-check-etf/)

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…

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