MSCI pushes to exclude the index of 'non-operating companies'
CWI IMI report 3 companies, including Meta Planet, directly
CWI simulation
Collect opinions in September, and apply regular changes to the index in November
Strategies, the world's largest Bitcoin Treasure (DAT) company, is on the verge of being kicked out
MSCI pushes to exclude the index of 'non-operating companies'CWI IMI report 3 companies, including Meta Planet, directlyCWI simulationCollect opinions in September, and apply regular changes to the index in November
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Aug 18, 2026 at 12:13 AM UTC · 3 分钟阅读

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Strategies, the world's largest Bitcoin Treasure (DAT) company, is on the verge of being kicked out by Morgan Stanley Capital International (MSCI), a global stock index, within the year.
This is because index calculation agency MSCI is pushing to introduce a new methodology to exclude "non-operating companies" that accumulate large amounts of non-operating assets rather than operating assets from the Global Investable Market Index (GIMI).
MSCI has recently launched a review of a new methodology to exclude non-operating companies, including Bitcoin Treasure companies, from its Global Investable Market Index (GIMI).
MSCI defined a non-operating company as "a company that generates value by accumulating non-operating assets, generates little cash in its actual business, has its performance dictated by market movements, and grows on external capital."
Currently, funds and business development companies (BDCs) are already excluded from GIMI based on their legal form, and this proposal aims to filter out even general listed companies with similar characteristics with a quantitative screen.
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