MicroStrategy sends harsh response to fresh MSCI delisting threat

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Strategy (Nasdaq: MSTR), the world's starring Bitcoin (BTC) treasury institution led by billionaire Michael Saylor, faces different MSCI (formerly Morgan Stanley Capital International) delisting menace arsenic the scale supplier opened a caller consultation connected the eligibility of non-operating companies for its Global Investable Market Indexes.

As per the consultation's simulation utilizing May 2026 data, Strategy (formerly MicroStrategy), Metaplanet (TYO: 3350), and Yellow Cake (LSE: YCA) could get deleted from the MSCI ACWI IMI.

SharpLink (Nasdaq: SBET), Center Laboratories (TWSE: 4123), and Lydia Holding (IS: LYDHO) would beryllium placed connected a watchlist.

Related: Strategy banal slides aft $108M sale

While Strategy and Metaplanet are some Bitcoin treasury companies, SharpLink is an Ethereum (ETH) treasury company.

Strategy holds 840,447 BTC, Metaplanet holds 43,000 BTC, and SharpLink holds 888,521 ETH connected their equilibrium sheets.

Yellow Cake is simply a uranium concern company, Center Laboratories is simply a pharmaceutical company, and Lydia Holding is simply a sustainable business-focused concern company.

MSCI said its latest model aims to place companies that bargain and clasp non-operating assets, make small currency from concern operations, and trust connected outer superior to grow.

The latest methodology assesses companies based connected whether their plus operation contains capable operating assets earlier being evaluated against 5 fiscal ratios if they neglect the archetypal test:

Operating assets beneath 20% of full assets
Operating expenses beneath 5% of full assets
Negative operating currency travel
Non-operating just worth changes supra 5% of full assets
Capital dependence supra 20%

If a institution fails the archetypal trial and triggers astatine slightest 4 of the 5 flags, it would go ineligible for the index, MSCI said.

MSCI said it's gathering feedback from marketplace participants done Sept. 30 and expects to denote results by Oct. 16.

Strategy, with a free-float-adjusted marketplace headdress of $23.9 cardinal successful the May 2026 simulation, is the largest institution that could beryllium removed.

In an X station connected Aug. 14, the institution pushed backmost connected MSCI's latest proposal,

"Index providers should measurement markets, not determine which assets companies are allowed to own... Bitcoin doesn't request MSCI. Neither does Strategy."

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