Strategy, Metaplanet Face Exit From MSCI Indexes as the Index Provider Adopts New Test

Digital asset treasury companies that fail MSCI’s operating-asset test now face a five-ratio screen, and MSCI’s current list already marks Strategy, Metaplanet and Upexi as possible November deletions. MSCI will stop handling crypto treasury companies under a separate set of rules. The index provider announced on Oct. 15 that it is adopting, “with minor modifications,” the framework it proposed in August for barring so-called non-operating companies from its Global Investable Market Indexes , and that it will end the interim measures it had applied to companies whose digital asset holdings made up 50% or more of their total assets.