$BTC
MSCI has locked the rules in.
Public companies sitting on piles of BTC could be kicked out of the index.
The reason is cold: too many non-operating assets, making them look less like “real companies.”
Strategy and Metaplanet are both on the simulated list.
The official list comes out on November 11.
Put in plain English—
you treat Bitcoin as treasury,
Wall Street treats you like a fund, not a stock.
Passive money follows the index.
Get kicked out = you may be forced to sell.
Saylor is still talking about digital capital.
The index provider is doing something harsher: redefining who you are.
The crypto crowd shouts “adoption.”
The first cut when adoption walks through the door is at the narrative structure of “BTC treasury stocks.”
MSCI has locked the rules in.
Public companies sitting on piles of BTC could be kicked out of the index.
The reason is cold: too many non-operating assets, making them look less like “real companies.”
Strategy and Metaplanet are both on the simulated list.
The official list comes out on November 11.
Put in plain English—
you treat Bitcoin as treasury,
Wall Street treats you like a fund, not a stock.
Passive money follows the index.
Get kicked out = you may be forced to sell.
Saylor is still talking about digital capital.
The index provider is doing something harsher: redefining who you are.
The crypto crowd shouts “adoption.”
The first cut when adoption walks through the door is at the narrative structure of “BTC treasury stocks.”