Bitcoin think tank questions MSCI’s ‘invisible committee’ over Strategy, Metaplanet rule

A paper from the Bitcoin Policy Institute (BPI) has raised concerns about a proposed rule by MSCI, a global index provider. The BPI argues that MSCI's "non-operating company" rule could lead to the exclusion of prominent Bitcoin-holding companies, such as MicroStrategy (referred to as Strategy) and Metaplanet, from its widely followed indexes. The institute suggests that the origins of this proposed rule might be linked to an earlier review conducted by MSCI concerning corporate crypto treasuries. The potential removal of these companies from major indexes could impact their visibility and attractiveness to institutional investors, affecting the broader perception and integration of Bitcoin into traditional financial structures. This highlights a growing intersection between traditional financial indexing methodologies and the burgeoning trend of companies adopting Bitcoin as a treasury asset.