Financial index provider MSCI has renewed its proposal to exclude non-operating companies from its listings, targeting Bitcoin treasury firms such as Strategy (MSTR) and Metaplanet. The new framework would expand beyond crypto assets to include any firm that merely accumulates assets without generating operational revenue, affecting companies like Yellow Cake which holds uranium. JPMorgan analysts previously estimated that MSTR could face $2.8 billion in immediate direct outflows if excluded, with potential spillover effects of $8 to $12 billion if other indices followed suit. MSTR stock dropped 2% to $95 following the announcement. MSCI will collect feedback until September, announce consultation results in mid-October, and could implement the rule by November.
Source: Read the original article
