The Bitcoin Policy Institute has challenged MSCI over its proposed "non-operating company" rule, citing metadata suggesting the measure may be a repackaged version of an earlier plan to exclude crypto treasury firms like Strategy and Metaplanet from global indexes.

A leading cryptocurrency investment executive has sought to allay market fears that Strategy, a major corporate holder of Bitcoin, would be compelled to sell

JPMorgan analysts warned that Strategy could lose up to $8.8 billion in passive investment flows if multiple index providers exclude it. The global index