MSCI list complete: 6 removed, 19 under review, Strategy alone accounts for 93%
The 06:38 post left one loose end—the full list still needed verification. Here it is. MSCI’s official table was published at 06:23 this morning: 25 companies listed, with 6 removed and 19 under review.
Removed: Strategy (float-adjusted market cap of $37.26 billion), uranium miner Yellow Cake ($1.75 billion), Metaplanet ($800 million), plus Skel, Agronomics, and Upexi. The six companies total $40 billion, with Strategy alone accounting for 93.15%. The other five combined come to just $2.74 billion—this screening round was aimed at one company.
There are some notable reprieves, too: Ethereum treasury company SharpLink wasn’t removed, but was placed on the watchlist. BNB Standard, TON Strategy, Solana Company, and DeFi Dev Corp are also on the watchlist. Being watched doesn’t mean being removed; a company must fail to meet the criteria in its annual reports for two consecutive years to be kicked out. The next review is in February.
Stock update, correcting the after-hours figures in the 06:38 post: MSTR closed at $122.35 on November 11 (+1.06%), and was around $120.34 after hours (-1.64%). The -0.8% in the earlier post was an earlier snapshot; use this figure instead. Metaplanet fell 2.53% to 231 yen in Tokyo.
My take: Now that the list is out, the downside risk looks smaller than it was made out to be. First, MSCI didn’t conduct a major purge: only two crypto treasury companies, Strategy and Metaplanet, were removed. Second, Strategy’s own figures show it holds 850,364 BTC and has an mNAV of just 1.08x; its premium has already fallen to single digits, so there isn’t much index buying left to lose. The change takes effect at the November 30 close. Passive selling is on a known timeline; the only real wildcard is whether other index providers follow suit.
Risk note: the $1.57 billion holdings anchor is unchanged, while $2.8 billion remains the upper-bound figure; $BTC is currently around $74,054 (+0.54% over 24 hours). The news itself hasn’t moved the price of BTC.
Now that the list is complete, do you think the shoe has finally dropped, or should we wait until the November 30 rebalancing to settle the score?
$BTC $MSTR
#MSCI #Strategy #比特币 #MSTR
The 06:38 post left one loose end—the full list still needed verification. Here it is. MSCI’s official table was published at 06:23 this morning: 25 companies listed, with 6 removed and 19 under review.
Removed: Strategy (float-adjusted market cap of $37.26 billion), uranium miner Yellow Cake ($1.75 billion), Metaplanet ($800 million), plus Skel, Agronomics, and Upexi. The six companies total $40 billion, with Strategy alone accounting for 93.15%. The other five combined come to just $2.74 billion—this screening round was aimed at one company.
There are some notable reprieves, too: Ethereum treasury company SharpLink wasn’t removed, but was placed on the watchlist. BNB Standard, TON Strategy, Solana Company, and DeFi Dev Corp are also on the watchlist. Being watched doesn’t mean being removed; a company must fail to meet the criteria in its annual reports for two consecutive years to be kicked out. The next review is in February.
Stock update, correcting the after-hours figures in the 06:38 post: MSTR closed at $122.35 on November 11 (+1.06%), and was around $120.34 after hours (-1.64%). The -0.8% in the earlier post was an earlier snapshot; use this figure instead. Metaplanet fell 2.53% to 231 yen in Tokyo.
My take: Now that the list is out, the downside risk looks smaller than it was made out to be. First, MSCI didn’t conduct a major purge: only two crypto treasury companies, Strategy and Metaplanet, were removed. Second, Strategy’s own figures show it holds 850,364 BTC and has an mNAV of just 1.08x; its premium has already fallen to single digits, so there isn’t much index buying left to lose. The change takes effect at the November 30 close. Passive selling is on a known timeline; the only real wildcard is whether other index providers follow suit.
Risk note: the $1.57 billion holdings anchor is unchanged, while $2.8 billion remains the upper-bound figure; $BTC is currently around $74,054 (+0.54% over 24 hours). The news itself hasn’t moved the price of BTC.
Now that the list is complete, do you think the shoe has finally dropped, or should we wait until the November 30 rebalancing to settle the score?
$BTC $MSTR
#MSCI #Strategy #比特币 #MSTR
