MSCI’s new rules put Strategy, Metaplanet at risk

MSCI has adopted new eligibility rules for its global stock indexes, putting Bitcoin treasury companies Strategy (MSTR) and Metaplanet (3350) at risk of removal when the changes take effect after the November 30, 2026, close. Summary MSCI has approved new eligibility rules that could remove Strategy and Metaplanet from global indexes. November 11 is the scheduled date for MSCI to publish its final list of affected companies. Companies failing operating asset requirements face exclusion after triggering four of five financial ratio tests. Existing index members must fail screening across two recent annual filing periods before facing removal. MSCI will end temporary restrictions on companies holding digital assets representing 50% of total assets. MSCI confirmed on October 15 that companies classified as non-operating businesses will no longer qualify for its Global Investable Market Indexes. The index provider will release its final list of potentially affected companies on November 11, leaving their eligibility unresolved until the review is announced. The decision follows an August consultation that identified Strategy and Japan-based Metaplanet as potential deletions in a simula...