{"id":64310,"date":"2025-12-18T22:01:30","date_gmt":"2025-12-18T22:01:30","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=64310"},"modified":"2025-12-18T22:01:30","modified_gmt":"2025-12-18T22:01:30","slug":"crypto-treasury-firms-face-15b-selling-pressure-from-msci-decision","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=64310","title":{"rendered":"Crypto Treasury Firms Face $15B Selling Pressure From MSCI Decision"},"content":{"rendered":"
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Analysts have calculated that passive funds could pull as much as $11.6 billion from companies that treat large crypto<\/a> holdings as corporate treasuries if MSCI removes them from its indexes, a move that would force index-tracking vehicles to sell shares.<\/p>\n

Reports say that number comes from adding direct MSCI<\/a>-tracked outflows to possible follow-on selling by other index providers.<\/p>\n

Estimated Outflows Range<\/h2>\n

The figure sits inside a wider band of estimates. Some analysts and press pieces put the possible damage anywhere between $10 billion and $15 billion, depending on whether other major index providers copy MSCI\u2019s decision and how much passive money is forced to move.<\/p>\n

The analysis that produced these numbers looked at roughly 39 listed companies that meet MSCI\u2019s proposed definition of a digital-asset treasury firm.<\/p>\n

<\/p>\n

MSCI\u2019s Proposal And The Mechanics<\/h2>\n

According to MSCI\u2019s own consultation documents, the index provider is reviewing<\/a> a rule that would treat companies holding more than 50% of their assets in digital assets as non-constituents of its broad equity indexes.<\/p>\n

MSCI extended the consultation through December and said it expects to announce conclusions by January 15, 2026, with any changes applied in the February 2026 index review. If a firm is removed, funds that track MSCI benchmarks typically must reduce or sell their stakes automatically.<\/p>\n

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We spell out the potential implications of MSCI\u2019s proposed 50% DAT exclusion rule: https:\/\/t.co\/ceJZU0dRTP<\/a> pic.twitter.com\/5CixFrEYVR<\/a><\/p>\n

\u2014 George Mekhail (@gmekhail) December 17, 2025<\/a><\/p>\n<\/blockquote>\n

Strategy Stands Out<\/p>\n

JPMorgan\u2019s work has been singled out in multiple reports. According to that note, Strategy alone could face about $2.8 billion in passive outflows<\/a> if removed from MSCI indexes, and larger losses if other index families follow.<\/p>\n

Analysts say Strategy\u2019s unique position<\/a> \u2014 with a very high share of its balance sheet in Bitcoin \u2014 makes it the single biggest driver of the total outflow math.<\/p>\n

Risk To Crypto Holdings<\/p>\n

Some sectors warn that, beyond stock selling, the companies themselves might liquidate crypto positions to meet margin or liquidity needs, which could push crypto asset sales toward a figure as high as $15 billion in the worst scenarios. That would add direct selling pressure to both the equities and crypto markets.<\/p>\n

\"\"<\/p>\n

Industry Pushback<\/p>\n

Based on reports<\/a>, a group named Bitcoin For Corporations, along with several affected firms, pushed back, saying the MSCI test relies on a single balance-sheet threshold that doesn\u2019t reflect how these companies actually operate.<\/p>\n

The campaign has drawn public comments and petitions; several reports put the signature count at about 1,200 to 1,300. Companies have filed feedback with MSCI and have argued for an operations-based classification instead of a holdings-based cut-off.<\/p>\n

Featured image from Unsplash, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Analysts have calculated that passive funds could pull as much as $11.6 billion from companies that treat large crypto holdings as corporate treasuries if MSCI removes them from its indexes, a move that would force index-tracking vehicles to sell shares. Reports say that number comes from adding direct MSCI-tracked outflows to possible follow-on selling by […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-64310","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/64310","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=64310"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/64310\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=64310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=64310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=64310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}