Updated: October 16, 2026
MSCI’s revised index methodology has put publicly traded digital-asset treasury companies under the spotlight. Strategy and Metaplanet are among the firms that could be affected if MSCI classifies them as non-operating companies under its updated criteria.
What has been reported?
Reuters reported on October 16 that Strategy faces potential exclusion from MSCI equity indexes under rules aimed at companies that resemble investment funds rather than operating businesses. The Block and CoinDesk separately reported that Strategy and Metaplanet could be affected. These reports describe a potential index decision, not a completed removal.
Sources: Reuters, The Block, and CoinDesk.
Why index eligibility matters
Index inclusion can influence whether funds that track a benchmark hold a company’s shares. If a company is removed, some index-tracking funds may need to adjust holdings, although the actual effect depends on the final decision, benchmark exposure and investor behavior. Any estimate of potential selling should be attributed to its source and treated as an estimate, not a guaranteed outcome.
What investors should monitor
- MSCI’s official methodology and final eligibility decision.
- Company disclosures and any official response from Strategy or Metaplanet.
- Index review dates and the proportion of shares held by benchmark-tracking funds.
- Changes in Bitcoin’s price and the companies’ own financing or treasury announcements.
Does this mean Bitcoin itself will be removed from an index?
No. The issue described in the reports concerns the eligibility of company shares in equity indexes. It is not a decision to remove Bitcoin from a crypto network or directly alter the Bitcoin protocol.
This article is for informational purposes only and is not investment advice. Index rules and company disclosures can change; check original sources for updates.
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