MSCI’s New Rules Put Strategy’s Bitcoin-Buying Machine Under Pressure

By Isaac • October 16, 2026 3:11 pm •

Strategy has spent years turning its stock into a machine for acquiring Bitcoin. MSCI’s new index rules could make that financing considerably more expensive.

CryptoSlate reports that MSCI has adopted a methodology that can exclude companies it classifies as non-operating businesses from its Global Investable Market Indexes. The final list of affected companies is expected on November 11, with changes taking effect after the November 30 market close.

Strategy is not yet confirmed for removal. Still, MSCI had already placed the company among potential deletions in an earlier simulation, alongside Japan’s Metaplanet and other firms whose balance sheets increasingly resemble investment vehicles.

The first risk is forced selling.

Index removal matters because funds that track MSCI