Strategy Faces MSCI Removal Risk as New Rules Target Non-Operating Firms

MSCI proposes criteria excluding non-operating entities, potentially delisting Strategy from Global Investable Market Index. Decision expected by October 16.

Woofun AI reports that MSCI has introduced proposed regulations aimed at "non-operating companies," which could result in Strategy's exclusion from its Global Investable Market Index. A May 2026 simulation indicated that Strategy, alongside Metaplanet and Yellow Cake, would be removed from the MSCI ACWI IMI. The new standards evaluate operating assets, expenses, cash flows, fair value changes of non-operating assets, and reliance on raised capital for asset acquisition. This final criterion directly impacts Strategy's model of accumulating Bitcoin through stock and debt issuance. The rules remain unfinalized, with public comments closing on September 30. MSCI intends to announce a decision by October 16, with potential adjustments effective during the November 2026 index review.