MSCI has adopted new rules to exclude non-operating companies from its Global Investable Market Indexes. In an earlier simulation based on May 2026 data, MSCI identified Bitcoin treasury companies Str
The new rules, effective after the November 30 close, will exclude companies that fail an operating-assets test and trigger at least four of five financial exclusion criteria. Existing constituents must fail the screening in both of their two most recent annual filing periods before removal. MSCI will also lift temporary index restrictions on companies previously identified as holding digital assets worth at least 50% of total assets, assessing them under the new methodology instead.
MSCI removes temporary index restrictions on digital-asset-heavy firms and adopts an operating-assets test instead. This lowers exclusion risks for Bitcoin treasury companies like Strategy, potentially restoring passive fund demand for their shares and reinforcing the BTC treasury narrative. Short-term bullish (medium) for BTC-exposed equities and market sentiment.