Crypto Daily | MSCI Finalizes Index Rules That Put Strategy, Crypto Treasury Firms at Risk Of Exclusion

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MSCI Decision Moves Michael Saylor’s Strategy Toward Index Exit

MSCI Inc. adopted new rules that could ultimately push Strategy out of its global equity benchmarks, potentially triggering billions of dollars in stock sales and adding fresh pressure to the financing model behind Michael Saylor’s vast Bitcoin holdings.

The index maker said Thursday it will exclude companies classified as non-operating businesses under a new framework that takes effect at the close of Nov. 30. While the decision does not immediately remove Strategy from its benchmarks, it establishes financial tests that could render the company ineligible for inclusion in MSCI’s global equity indexes.

“MSCI will implement the proposal to define and classify non-operating companies as ineligible for inclusion in the MSCI Global Investable Market Indexes, as set out in the consultation announced on August 3, 2026, with minor modifications,” the index-maker said in a statement. Existing constituents must fail a number of financial tests to be removed.

Strive Announces Upsizing of Perpetual Preferred Stock SATS Offering to $700 Million at $90 per Share

October 16: Bitcoin treasury company Strive announced it has upsized its perpetual preferred stock SATS IPO to $700 million, priced at $90 per share.

Previously, Strive planned to issue perpetual preferred stock SATS through an IPO, with a fixed annual dividend of 15%: based on a stated amount of $100 per share, dividends are cumulative (unpaid amounts accrue), and dividends are paid daily.

Ledger Unveils $849 Atom Crypto Wallet With Anti-Tampering Features, Shipping in 2027

Ledger unveiled its new Atom hardware wallet on Thursday, introducing enhanced security features days after malicious implants were discovered in devices sold through an authorized reseller in Asia.

Priced at $849, Atom combines cryptocurrency storage with everyday smartphone-style apps. The device isolates Android applications from sensitive wallet operations and includes safeguards designed to prevent tampering. Ledger also says Atom can detect physical interference even when powered off.

Bitcoin & Ethereum Spot ETF Flow

The overall net inflow of the US Bitcoin spot ETF on Thursday was $5.06 million. The total net asset value of Bitcoin spot ETFs is $105.71 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.41%.

The Bitcoin spot ETF with the highest net inflow on October 15 was iShares Bitcoin Trust (IBIT), with a net inflow of $16.79 million, according to SoSoValue.

Source: SoSoValue

The overall net outflow of the US Ethereum spot ETF on Thursday was $60.22 million. The total net asset value of Ethereum spot ETFs is $15.29 billion, and the ETF net asset ratio (market value compared to total Ethereum market value) is 5.10%.

The Ethereum spot ETF with the highest net outflow on October 15 was iShares Ethereum Trust ETF (ETHA), with a net outflow of $44.39 million, according to SoSoValue.