Analysis: MSCI's "hidden clause" may cut off additional capital inflows into the Strategy
Svmuu News: MSCI, a global provider of equity and ETF market benchmarks, has announced that it will not remove the Bitcoin Treasury Strategy for the time being,but a hidden clause stating “MSCI will not implement any increases to the Number of Shares (NOS)” has drawn attention from the community.This clause implies that shares newly issued by Strategy through an ATM will not be included in the MSCI index weighting and will not trigger passive fund purchases. In other words, while MSCI acknowledges the existence of crypto-backed stocks, it refuses to continue providing passive fund support for ATM-issued shares. Even if Strategy issues more shares,passive funds will not follow through with purchases, and incremental capital will be cut off. It is reported that, in addition to Strategy, other potentially affected "Bitcoin" companies include Metaplanet and Capital B. (CryptoSlate)
Source:Odaily · Source Link
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