Bitcoin Treasury Giant Strategy Faces Index Removal Under Finalized MSCI Rules

MSCI has finalized rules that will classify "non-operating companies" as ineligible for its indexes starting Nov. 30, targeting firms whose balance sheets are dominated by a single asset. This directly threatens Strategy (formerly MicroStrategy), the largest corporate Bitcoin holder, which could be removed from MSCI indexes. A forced index removal would likely trigger passive fund selling of its shares, pressuring the stock and potentially weighing on Bitcoin sentiment given Strategy's role as a major institutional BTC proxy.