Every Zipp story tagged #IndexExclusion, newest first.
CEO Phong Le plays down the potential exclusion as minimal, but accuses the index provider of abandoning neutrality and nudging investors away from Bitcoin.
The loss of passive demand could squeeze the stock premium that helps Strategy finance Bitcoin purchases, although some analysts say the exclusion is priced in.
Index deletion effective November 30 turns passive MSCI trackers into forced sellers and strips bitcoin treasury vehicles of the benchmark eligibility that powered the trade.
The November review will test whether digital-asset treasury companies meet operating and financial screens, replacing a temporary restriction with a broader methodology.
Strategy and Metaplanet aren't alone: the new 'non-operating company' screen redefines what index inclusion even means, with passive-flow consequences for any firm that holds more than it earns.
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