Capital Outflows Could Reach $8.8 Billion as MSCI Plans to Remove Strategy and Other Bitcoin Treasury Companies from Global Equity Indexes
Odaily: Bitcoin News posted on X that MSCI is advancing a proposed methodology that would classify Michael Saylor's Strategy, Japan's Metaplanet, and other digital asset treasury companies as "non-operating" enterprises, potentially excluding them from the MSCI Global Investable Market Indexes. JPMorgan estimates that passive funds tracking MSCI indexes may be forced to sell $2.8 billion worth of MSTR shares; if other index providers adopt similar rules, the broader capital outflow could reach $8.8 billion. Strategy's reverse analysis shows that MSCI-tracking funds hold approximately 3.1% of its outstanding shares; a final decision is expected around October 16, with implementation potentially beginning on November 30.
MSCI's proposal to reclassify Strategy and similar Bitcoin treasury firms as non-operating would force index-tracking funds to sell an estimated $2.8B of MSTR shares, with outflows potentially reaching $8.8B if other providers follow. This reduces institutional demand for the main BTC equity proxy, adds selling pressure on MSTR, and weakens sentiment around corporate BTC accumulation; BTC is short-term bearish (medium).