# 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.

- Conviction: 40 / 100 (forming)
- Horizon: Emerging (watchlist)
- Tracking since: 2026-10-16T00:00:00.000Z
- Last updated: 2026-10-16T06:41:19.398Z
- Canonical: https://polylog.news/crypto/trends/bitcoin-treasury-companies-lose-index-bid
- Publisher: Polylog

## Recent evidence

- [confirms] MSCI Adopts Rules That Could Remove Strategy and Metaplanet From Its Global Indexes on November 30 (2026-10-16): 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.