Bitcoin and Bitcoin-treasury shares carry different forced-selling risks.

MSCI has finalized a non-operating-company screen. The final affected-constituent list arrives November 11, with changes effective at the November 30 close.

That is not a confirmed deletion list today.

For investors choosing a treasury stock over BTC, index eligibility adds a risk beyond the coin's price. Index funds selling shares would not itself require the company to sell Bitcoin.

Check the final list and the company's financing needs separately. Don't turn possible equity selling into a guaranteed BTC liquidation.