MSCI’s New Rule May Impact Major Bitcoin Holders
- MSCI adopted a rule on Oct. 15 excluding non-operating companies from its Global Investable Market Indexes, effective after Nov. 30.
- JPMorgan estimates that removal of Strategy could lead to approximately $2.8 billion in passive outflows.
- The final list of affected companies, including Metaplanet, will be published by MSCI on Nov. 11.
- Strategy holds 848,250 BTC as of Oct.11, purchased for $64 billion at an average price of $75,444 per coin.
- Metaplanet’s stock price increased by about 4.9% despite potential exclusion from the index.
MSCI has introduced a new rule that excludes non-operating companies from its indexes, potentially impacting major Bitcoin holders like Strategy and Metaplanet if they do not meet the criteria based on their financial ratios and asset distribution.
The changes could result in significant financial movements, with JPMorgan predicting billions in outflows for Strategy if removed from the index due to this rule change.Source
