MSCI Removes Bitcoin Treasury Company Metaplanet from Japan Small-Cap Index

Odaily Report: Global index provider MSCI has removed Japanese Bitcoin treasury company Metaplanet from its Japan Small-Cap Index. Metaplanet CEO Simon Gerovich stated that this adjustment will not have a significant impact on the company's business or Bitcoin strategy. Strategy co-founder Michael Saylor previously criticized MSCI for applying biased value judgments toward digital assets.

Additionally, MSCI has decided to remove Bitcoin treasury company Strategy from its MSCI USA Index. This adjustment is part of MSCI's November 2026 index review, with the new changes set to take effect after market close on November 30. MSCI previously announced that it would remove companies classified as non-operating businesses under a new framework.

The removal could trigger passive funds tracking the relevant indices to sell off Strategy shares, further pressuring its Bitcoin accumulation financing model. Strategy primarily raises capital by issuing common stock, preferred stock, and other securities at a premium to fund continuous Bitcoin purchases. JPMorgan estimated last year that if Strategy were removed from the relevant indices, it could trigger up to $2.8 billion in stock selling, and if other indices follow suit, the potential sell-off could grow to as much as $8.8 billion. (Bloomberg)