According to the source, a bitcoin treasury leader argued to MSCI that excluding crypto-buying firms from its indices would hurt U.S. national security. Source: user-provided X post dated December 10, 2025. For traders, the issue centers on MSCI index eligibility for companies holding BTC on balance sheets, as MSCI indices are widely tracked by index funds and ETFs, meaning any policy clarification could influence passive flows and stock liquidity. Source: MSCI states in its public materials that its indices are used by index-tracking funds and ETFs.

According to @VanessaGrellet_, MSCI is considering excluding companies with significant digital-asset treasuries, a move that could reshape how crypto-heavy firms are classified across global indices. Source: @VanessaGrellet_, X, Nov 24, 2025. She states this could influence valuations, market access, and the future of corporate crypto adoption, making index eligibility a key risk factor for equities with material digital-asset balances. Source: @VanessaGrellet_, X, Nov 24, 2025. A market consultation is open for input at x.com/GVAResearch/status/1991877326880358685, which traders can monitor for scope and timeline updates. Source: @VanessaGrellet_, X, Nov 24, 2025.