MSCI is removing Strategy and Metaplanet from its indices with the November adjustment

MSCI will remove Strategy and Metaplanet from its indexes effective November 30, applying new eligibility rules that target companies whose core business is holding crypto assets. The decision follows MSCI’s review of firms with large digital-asset treasuries and affects two of the most prominent bitcoin-holding public companies. It matters because index removal can reduce passive fund demand and force rebalancing flows tied to MSCI benchmarks. Investors will watch whether other index providers adopt similar treatment and whether Strategy and Metaplanet adjust their capital structures or disclosure to preserve index inclusion.