$15B Sell-Off Risk if MSCI Implements 50% Crypto DAT Rule

Proposed MSCI Rule Change and its Impact

MSCI is considering a rule to exclude companies with over 50% of their balance sheet in digital assets from core equity indexes.
This could lead to outflows of $10-$15 billion from crypto-linked stocks.
Affected companies are those that raise capital primarily to invest in digital assets like Bitcoin.
MSCI's indexes serve as benchmarks for global passive funds, so removal from these indexes necessitates selling by funds tracking them.
Final decisions on the proposal will be announced by January 15, with potential changes during the February 2026 review.

Potential Financial Impact

BitcoinForCorporations predicts forced sales of up to $15 billion due to this change.
One company, Strategy, may face $2.8 billion in sales linked to MSCI funds.
The group argues the rule unfairly targets companies based on a single metric rather than overall business performance.

Current Crypto Market Context

BTC remains below $90K, but institutional interest is growing.
Glassnode reports BTC treasuries held by companies have increased by 448% since January 2023, totaling 1.08M BTC.