Wall Street’s most ruthless power play is here! Index giant MSCI has officially finalized new rules to exclude non-operating companies, using five financial-ratio tests that directly target crypto-hoarding treasury companies such as Strategy (formerly MicroStrategy) and Metaplanet. The rules take effect with the November index review. JPMorgan warns that removal from MSCI indexes could trigger forced selling by $2.8 billion in passive funds; if S&P and FTSE follow suit, mechanical selling could reach $8.8 billion! For the past five years, Saylor has used a software-company shell to exploit index arbitrage, hijacking global pension funds to passively buy crypto. Now that Wall Street giants such as BlackRock have built their own tollbooths with spot ETFs and volatility indexes, they’ve joined forces with the index gatekeepers to dump the companies now that they’ve served their purpose—clearing out fee-free shadow proxies. What determines the fate of tens of billions in capital has never been the candlestick chart, but the hidden legislative power to change a single line of accounting formula. Do you think the era of premiums for crypto-hoarding shell companies is over? #BTC #Crypto #AI #Web3