strategy #mstr

Date: November 12, 2026
Global index provider MSCI has confirmed the removal of two major Bitcoin treasury companies, Strategy (MSTR) and Metaplanet (3350.T), from its respective stock indexes. The changes will take effect after the market closes on November 30, 2026.
Strategy will be removed from the MSCI USA Index, while Japan-based Metaplanet will leave the MSCI Japan Small Cap Index.
Why Is MSCI Removing These Companies?
The decision follows MSCI's new eligibility rules for companies with substantial non-operating assets. The revised framework evaluates operating assets and five financial measures to determine whether a company qualifies for index membership.
These changes could particularly affect companies whose business models focus heavily on holding digital assets such as Bitcoin.
Interestingly, Ethereum treasury company SharpLink was not included among the deletions.
Strategy Pushes Back Against MSCI
Strategy Executive Chairman Michael Saylor and CEO Phong Le previously criticized the proposed rules, describing the treatment of digital asset treasury companies as discriminatory.
The company has argued that its business model should not be unfairly penalized because of its Bitcoin treasury strategy.
Market Reaction
The announcement created additional pressure on both companies' shares.
Strategy (MSTR): Fell 2.6% in after-hours trading to $119.06.
Metaplanet (3350.T): Closed Wednesday down 2.53% at 231 yen.
What Does This Mean for Crypto Investors?
MSCI index removal could create selling pressure because investment funds tracking these indexes may need to sell their holdings in the affected companies.
However, index removal does not mean that either company will be delisted from its stock exchange, nor does it require them to sell their Bitcoin holdings.
Final Thoughts
MSCI's decision highlights the growing debate surrounding corporate cryptocurrency treasury companies and their place in traditional financial markets.
The coming weeks will be important for Strategy and Metaplanet as investors assess the potential impact of reduced index exposure and changing institutional demand.
Stay informed, watch market developments, and always do your own research before making investment decisions.
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