Two Bitcoin Treasury Firms and a Uranium Company Face MSCI Index Removal

MSCI is consulting on a rule change that could remove non-operating companies from its Global Investable Market Indexes, a move that would likely exclude Strategy (MicroStrategy) and Metaplanet under a May 2026 simulation, with Yellow Cake also flagged for deletion. The proposal uses balance-sheet and profitability-style ratio screens to identify firms that function more like investment vehicles than operating businesses. If implemented, the change could force index-tracking funds to sell affected shares and reduce passive demand, potentially pressuring valuations of Bitcoin treasury companies. MSCI plans to close consultation on September 30, announce results by October 16, and implement any changes in the November 2026 Index Review. The article highlights broader implications for digital-asset treasury firms and the precedent this could set for index eligibility standards.