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Morning Edition · Thursday, November 12, 2026Published at 12:46 AM EST · New York
MSCI Drops Strategy and Four Other Treasury Companies From Its Indexes as BitMine Reports a Yearly Loss Above $6 Billion
Index funds must sell by the November 30 close after MSCI's new screen classified the companies as non-operating, and BitMine's latest quarterly profit came mostly from unrealized ether gains while operating cash flow was negative.
MSCI will remove Strategy, Metaplanet, Yellow Cake, Skel and Upexi from its global indexes as of the November 30 close, after a new screen classified them as non-operating companies. Reuters, relayed by BWE News, reported that Strategy will…
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Crypto Treasury Companies Lose Their Index Bid
Index providers and accounting rules keep separating crypto-treasury companies from operating businesses, which removes passive demand, narrows their premiums and limits their ability to raise equity to buy more coins.
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