The MSCI index may remove cryptocurrency treasury bonds

MSCI is considering removing companies holding more than 50% of assets in (DATs) from its index, a move that could create “significant pressure” on these companies. According to Charlie Sherry of BTC Markets, the likelihood of MSCI making a removal decision is very high, because “MSCI only consults when they are leaning in that direction.”

The consultation is open until December 31st, and the conclusion will be announced on January 15th, with changes taking effect in February. If DATs are removed, index-tracking funds will be forced to sell, putting downward pressure on stock prices. MSCI is monitoring 38 companies, including Michael Saylor’s Strategy, Sharplink Gaming, Riot Platforms, and Marathon Digital.

JPMorgan estimates Strategy could lose $2.8 billion if the decision is approved. Sherry believes that clearer criteria will bring long-term benefits, although the short-term impact could be unfavorable for companies holding significant Bitcoin.