Bitcoin Treasury Companies Lose Passive Support
Index providers and passive vehicles will keep reclassifying bitcoin treasury companies as investment funds, removing a structural source of demand and pushing these firms to trade closer to the value of their holdings, which slows corporate bitcoin accumulation.
forming · confidence 40 · Emerging (watchlist) · tracking since October 16, 2026 · updated October 16, 2026
Why the conviction moved
- Oct 16Strengthened +6
MSCI has adopted rules that could remove Strategy and Metaplanet from its global indexes on November 30, with a final list of affected companies due November 11. Estimates of forced passive selling in Strategy alone run from about $1.8 billion to $2.8 billion. This turns the reclassification risk from a consultation into a dated removal of passive demand.
Source trail
Supporting · October 16, 2026
MSCI Adopts Rules That Could Remove Strategy and Metaplanet From Its Global Indexes on November 30
MSCI has adopted rules that could remove Strategy and Metaplanet from its global indexes on November 30, with a final list of affected companies due November 11. Estimates of forced passive selling in Strategy alone run from about $1.8 billion to $2.8 billion. This turns the reclassification risk from a consultation into a dated removal of passive demand.
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