A new consultation targets "non-operating companies" broadly. Two familiar names still land on the deletion list. Index provider MSCI has opened a new consultation that could exclude so-called non-operating companies, a category that may capture major bitcoin treasury firms such as Strategy and Metaplanet, from its Global Investable Market Indexes. The proposed rules would use a two-step screen based on whether operating assets exceed 50 percent of total assets and on five financial ratios, wit…
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