MSCI Tightens Index Rules As Strategy And Other Bitcoin Treasury Firms Face Fresh Scrutiny

MSCI revised its index methodology on October 15 to distinguish operating companies from investment vehicles, putting Bitcoin-heavy treasury firms like Strategy under fresh scrutiny. The new rules examine balance-sheet composition and operating characteristics, but Strategy has not yet been removed from MSCI indexes. Any exclusion must be assessed against actual screening criteria and protections for existing constituents.