Wednesday, November 11
·Evening
MSCI final list on non-operating companies
Strategy and Metaplanet were both flagged earlier. Changes hit Nov 30.
$MSTR
$BTC
MSCI publishes its final list under the new non-operating company rules. Strategy and Metaplanet were both flagged earlier. An older JPMorgan estimate put forced selling near $2.8B for MSTR alone.
Passive funds follow index rules, not Bitcoin conviction. Changes hit Nov 30, but markets rarely wait that long to price it.