JohnnyG

From Trey Sellers (Unchained) on X: ———— The source of the selling that started on Oct 10: The big story connecting MSCI (the major index provider) to the Bitcoin market revolves around a proposed rule change that could exclude companies heavily loaded with digital assets from key equity benchmarks. MSCI's Proposed Rule Change A preliminary list of ~38 affected companies is circulating, and feedback from investors reportedly leans toward exclusion.MSCI's Proposed Rule ChangeMSCI is consulting on treating "digital asset treasury companies" (firms where crypto/Bitcoin makes up ≥50% of total assets) more like investment funds than operating businesses. Investment funds are ineligible for MSCI's mainstream stock indexes (e.g., MSCI USA, MSCI World, Nasdaq 100 inclusions).This directly targets companies like: 🔸Strategy Inc. (formerly MicroStrategy, ticker MSTR) — the largest corporate Bitcoin holder with ~650,000 BTC 🔸Some crypto miners (Marathon Digital, Riot Platforms, etc.) A preliminary list of ~38 affected companies is circulating, and feedback from investors reportedly leans toward exclusion. Timeline and Potential Impact MSCI's consultation ends soon, with a final decision expected around January 15, 2026.If exclusion happens: 🔸Passive funds/ETFs tracking MSCI indexes would be forced to sell holdings. 🔸JPMorgan estimates ~$2.8 billion in outflows from MSCI-tracked funds alone for Strategy/MSTR. 🔸Up to $9–11 billion total if Nasdaq, Russell, and others follow suit. Effect on Bitcoin Price Action Strategy (MSTR) has been a popular leveraged Bitcoin proxy for traditional investors — its inclusion in major indexes funneled indirect BTC exposure into pensions, 401(k)s, and broad-market ETFs for years.The looming exclusion risk has already crushed MSTR's premium: 🔸The stock is down >60% from its November 2024 peak and trading barely above the spot value of its Bitcoin holdings (mNAV ~1.1× or lower). 🔸MSTR has underperformed Bitcoin itself by a wide margin in recent months, largely because of this “index overhang” rather than pure BTC price moves. Broader Bitcoin market pressure comes amid a rough crypto drawdown — BTC is down ~30%+ from its October 2025 all-time high, with the total crypto market cap off over $1 trillion. Forced selling of MSTR (and potentially miners) could spill over: 🔸If index funds dump MSTR shares → MSTR price crashes → margin/liquidity issues for the company → potential (though unlikely) need to liquidate some BTC → additional downward pressure on Bitcoin spot price. 🔸It would also remove one of the main channels for “stealth” institutional Bitcoin exposure via regular stock portfolios. Current Market Sentiment Markets are pricing in a high probability of exclusion — that's part of why MSTR and mining stocks have been leading the crypto sell-off this week, even as spot Bitcoin ETFs see mixed flows. S&P Dow Jones already effectively snubbed Strategy from the S&P 500 earlier in 2025 for similar “not a real operating company” reasons, so precedent exists. In short: The potential delisting of Bitcoin-heavy companies from major equity indexes is creating a structural headwind for Bitcoin-tied stocks and adding to the current bearish price action in the crypto market. Watch January 2026 closely; if the rule passes, expect a wave of mechanical selling in MSTR and related names that could feed back into Bitcoin sentiment. Now that this news is public, perhaps we can form a bottom. Time will tell. ———— I’d do everything in my power to vacate jurisdiction and bring attention to it… they’re scared. Like children. Or the elderly.

nostr:nprofile1qqsg2zqd8wkhpnxu6lm5c2dyfa2mhpwte57apjae2ldp6g2mmwf3ypqp2amhxue69uhkv6tvw3jhytnwdaehgu3wwa5kuef0dec82c33wv6hjufkwaskgamj0pjx2drvdpn8xdfkvahrvdrgwaa826rwvesnvu3ed44rgdekwg6hxdrgdd6ku7n80fchyuekwymh5qgewaehxw309aex2mrp0yh8xmn0wf6zuum0vd5kzmp0cg8mu3 - I just want to know if you are still bullish on #bitcoin… Lots of influencer doom and gloom out there…

Love it!

This would need a much wider dissemination… Maybe dropped as leaflets

nostr:nprofile1qqsyflrufwv5l2ajmgt6er3at6xldlxlzuc9jmt7qlfh9msfrulpfwqprdmhxue69uhkummnw3ez6ur4vgh8xetdd9ek7mpwv3jhvqfvwaehxw309a58garswvaz7tm8d96xsatz9e3k7mf0f46hg6tw09tkzmrvv46z7cnvv9ehgusd29pas - that rant on Twitter 3 weeks ago was epic - needed to be said - and more often

Absolutely need to spend more time here…

nostr:npub1trr5r2nrpsk6xkjk5a7p6pfcryyt6yzsflwjmz6r7uj7lfkjxxtq78hdpu - excellent presentation The Nostr-purple tie was a good choice also

To me… if ever there was to be an effective attack vector for BTC, this is the impetus for that vector - silence the herd: https://jamesclear.com/why-facts-dont-change-minds

This feels like a system test.

I was told to come here for the “soft landing”?

GTFOH… https://youtu.be/bpgrUK9EGjI