What a name. You guys definitely remember the uh Yellow Cake, Uranium, George Bush uh days of memes before memes.
00:47 Speaker A
But yeah, so there's other companies Ethereum Treasury companies that could come up uh in this as well, sharp named in the future on a watch list, but they're going to have to basically pass uh certain certain tests and criteria which they probably won't or they're going to be removed from the MSCI.
01:00 Speaker A
So, why does it actually matter? So, the index exclusion could force passive funds that track MSCI benchmarks to sell effective shares.
01:09 Speaker A
If it's in the index and is removed and they're tracking the index, they need to sell strategy, Meta Planet, sell Yellow Cake.
01:17 Speaker A
Got sell the yellow cake, right? So strategy has always argued that it's more than a spot Bitcoin rapper, but MCI is asking them to really prove it through operating operating assets, expenses and cash flow. But I guess the deeper threat here would be precedent.
01:29 Speaker A
If uh these rules are adopted and strategy and Meta Planet are removed from this index, other indexes may follow and adopt the same rules.
01:34 Speaker A
So, it's a really interesting time right now for uh strategy, obviously Meta Planet and for the Bitcoin Treasury company industry, writ large.
01:43 Speaker A
I mean, I tweeted something to the effect yesterday that there's literally guys at making like a million dollars a year at Treasury companies who all they did was buy a bunch of Bitcoin 16 months ago and since then they've just sat in a room and watched their stock go down, that's like their job.
01:54 Speaker A
They they don't do anything else. Don't buy anything else. Don't earn cash flow.
02:00 Speaker A
Maybe they talk to the accountant every once in a while, maybe they cry to their wife in their money bags of jars.
02:08 Speaker A
But I don't know. It's a completely completely broken industry uh outside of these very serious players that we're talking about here. So we would hate to see them uh discluded from these indexes.
