Bitcoin News

Story: MSCI’s 5-Ratio Test Could Force Strategy and Metaplanet Out of Global Indices

By Pankaj K

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A New Framework, Same Core Problem. MSCI's August 2026 consultation takes a different angle — but it's pretty much aiming at the same…

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Bitcoin Near $62,849 as Deadline Looms. Bitcoin was trading near $62,849 at the time of writing — a long way from the $126,000 peak hit…

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MSCI is back at it. The index giant launched a fresh consultation in August 2026 that could boot Strategy, Metaplanet, and Yellow Cake from its major benchmarks — reigniting a…

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The backstory matters here. On October 10, 2025, MSCI floated a rule that would treat any company holding digital assets above 50% of total holdings as an investment fund rather…

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Simulations run with May 2026 data flagged three names: Strategy, Metaplanet, and Yellow Cake.

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Strategy didn't stay quiet. The company pushed back publicly, arguing that index providers should be measuring markets — not policing what kind of assets companies choose to hold.

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More context: Jeff Park Sees Bitcoin Winning After AI Absorbs 80% of Venture Capital

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And that's the real risk here, even if it's indirect. Strategy has recently shifted toward more active liquidity management, including selling Bitcoin on occasion.

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The feedback window closes September 30. MSCI plans to publish results by October 16, just ahead of the November 2026 index review.

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Metaplanet and Yellow Cake are also watching. Both were flagged in the May 2026 simulations, and neither has the lobbying muscle or public profile that Strategy brings to this…

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The broader question hanging over all of this is whether MSCI's framework, if it sticks this time, sets a precedent that other index providers feel pressure to follow.

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Related: Edelman and Tudor Investment Make Major Moves in Bitcoin ETFs

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Strategy's public stance is that it doesn't depend on MSCI's benchmarks to run its business. Maybe that's true operationally.

The Currency Analytics

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