Strive Challenges MSCI's 'Operating Asset' Test in Bitcoin Index Review
- —Strive asks MSCI to clarify what qualifies as an operating asset and which financial data drives classification
- —The firm argues Bitcoin can be an operating asset when used in lending, structured finance and asset management
- —MSCI dropped its earlier 50% digital-asset screen in favor of five secondary measures
- —MSCI's May 2026 simulation flagged Strategy, Metaplanet and Yellow Cake for potential deletion from the ACWI IMI
Why it matters: The outcome will determine whether Bitcoin treasury companies stay in MSCI indexes, affecting passive fund flows into those stocks.
Source: The Crypto Times