Index providers determine which companies qualify for stock indexes, directly impacting institutional investment. Companies like Strategy argue that these providers should remain neutral, as strict asset-based exclusion rules can force firms to change treasury strategies to avoid being removed from major market benchmarks.
Index providers like MSCI are updating rules for 'non-operating companies,' sparking debate over whether they should influence how firms manage their assets.
MSCI is proposing to exclude 'non-operating' companies from its indexes. Learn how this impacts bitcoin-heavy firms like Strategy and Metaplanet.