$STRC

MSCI plans to revise its global index methodology to identify “non-operating” companies using five balance-sheet and cash-flow ratios, potentially removing Strategy (MSTR) from indices. MSCI simulations using May 2026 data suggest three removals: Strategy, Yellow Cake, and Metaplanet. Strategy challenged MSCI on Aug. 14 and has over 840,000 BTC. MSCI seeks comments until Sept. 30, 2026.

Strategy (Bitcoin treasury firm) criticized MSCI Inc.’s plan to exclude it from MSCI indices, arguing digital assets are assets and index providers should not decide which assets firms can own. MSCI’s revised framework would still target “non-operating companies.” The article cites MSTR’s Friday move and a 73% market-implied deletion odds by December.

Bitcoin traded around $62,800 on Aug. 14 and stayed rangebound between $60,000 and $65,000, with few catalysts after the Clarity Act was shelved, according to the article. Spot BTC ETF inflows hit about $850 million in a week. It also cites Strategy’s BTC and stock sales, Riot’s 4,300 BTC sale, Gemini’s $107.7M Q2 net loss, and Tether’s KPMG audit.

Strategy Inc. executive chairman Michael Saylor said in an Aug. 15 essay that bitcoin is “digital monetary energy” and should be viewed as monetary technology, not only a cryptocurrency. The article cites Strategy’s Aug. 10 bitcoin holdings of 840,447 BTC and notes it sold 1,690 BTC for $108.6 million in early August, using proceeds to repurchase STRC preferred shares.

The article reviews crypto developments: U.S. lawmakers kept the Digital Asset Market Clarity Act alive after it missed a Senate window, while the SEC and CFTC advance separate token rules. Bitcoin saw mixed flows as Strategy (MSTR) sold 1,690 BTC and raised $653M, while some wallets and CME leveraged funds turned bullish. Mastercard completed a $1.8B BVNK acquisition.

MSCI opened an Aug 14, 2026 consultation to exclude “non-operating” companies from its Global Investable Market Indexes, using May 2026 data. The proposal would delete Strategy (MSTR), Metaplanet (3350) and Yellow Cake (YCA) from the MSCI ACWI IMI, with feedback due Sep 30 and results Oct 16. Passive outflows are estimated up to $2.8B, or $8.8B if adopted broadly.

According to Coinpedia, Strategy Inc Class A (MSTR) failed four of five MSCI non-operating company tests in May 2026 and could be reclassified as an asset-holding company, which may risk removal from MSCI indexes. Coinpedia also says Norway’s GPFG held 11,549 BTC (~$725M) in H1 2026, with MSTR representing about 81% (~$1.18B) of its indirect crypto exposure.

President Donald Trump and MicroStrategy founder Michael Saylor have repeatedly said “never sell your Bitcoin.” On Aug. 3, 2026, Saylor said he has not sold any personal BTC, while MicroStrategy’s Strategy filed with the SEC that it sold 1,638 BTC (avg $63,957) in July 27 to Aug. 2, below its $75,385 cost basis. The article cites total 2026 sales of about 6,916 BTC.

BeInCrypto reports MSCI has reopened a consultation on index eligibility that could remove Strategy (formerly MicroStrategy) from benchmarks if it fails quantitative tests for non-operating status. The earlier October 2025 proposal followed a 50% assets threshold and was linked to estimated $2.8B passive outflows. Feedback closes Sept 30, with changes targeted for Nov 2026.

OranjeBTC said it will launch Brazil-listed ETF DIGY11 in early September, investing in perpetual preferred shares of Bitcoin ecosystem companies via an index it developed with MarketVector. The fund will allocate 95% to Strategy’s STRC and the rest to Strive’s SATA, subject to issuer BTC-asset criteria. STRC trades around $95.73 and pays 12% dividends; SATA trades near $99.44 and pays ~13% annualized.