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

Group 1 - A proposed rule change by MSCI could force $15 billion out of crypto-linked stocks if companies holding over 50% of their assets in crypto are excluded from major indexes [1][3] - The average size of Bitcoin treasuries held by public and private companies has surged by 448% from 197K BTC to 1.08M BTC since January 2023 [2] - MSCI is consulting investors on the potential exclusion of digital asset treasury companies from its core equity indexes, which would require index-tracking funds to sell affected stocks [3][4] Group 2 - The potential forced selling could range between $10 billion and $15 billion, with expected outflows of approximately $11.6 billion from a preliminary list of 39 affected companies valued at about $113 billion [5] - One company, Strategy, represents about 74.5% of the total impacted market value and could face around $2.8 billion in selling due to MSCI-linked funds [6] - BitcoinForCorporations has gathered over 1,200 signatures urging MSCI to reconsider the balance-sheet test, arguing that it unfairly targets a single asset class and overlooks actual business operations [7]