MSCI has proposed a new screen to exclude non-operating companies from its global indexes. This measure could lead to the removal of Strategy and Metaplanet, two companies valued primarily for their bitcoin reserves rather than their operational activities. Strategy, formerly MicroStrategy, has built a substantial treasury in bitcoin and represents the largest such holding in MSCI indexes. Metaplanet, the Japanese company following a similar strategy, would also be affected by this proposal. This initiative could impact passive investors tracking these indexes who hold positions in these companies.
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