MSCI2026-08-14 16:50:00MSCI proposal could remove Strategy and Metaplanet from indexes, with $2.8 billion in selling tied to MSTRMSCI is consulting on a new classification framework that could lead to Strategy, Metaplanet and other companies being removed from its global indexes. According to The Block, JPMorgan estimates that removing Strategy alone from MSCI indexes could trigger about $2.8 billion in passive outflows. The proposed framework targets so-called non-operating companies through a two-step review. MSCI would first assess whether a company has enough operating assets. If not, it would then test five financial ratios, including whether operating assets fall below 20% of total assets, operating expenses are below 5% of total assets, operating cash flow is negative, fair value changes from non-operating holdings exceed 5% of total assets, and capital dependency is above 20%. Hitting at least four of those five measures could result in a non-operating classification. Strategy, Metaplanet and uranium company Yellow Cake were identified as possible removals from the MSCI ACWI IMI Index, while SharpLink and two other companies were placed under review. MSCI said only sustained changes in business structure would qualify for reclassification, not a one-off failure. The consultation runs through Sept. 30, with results potentially announced as early as Oct. 16. Strategy pushed back on X, arguing that index providers should measure markets rather than decide what assets companies are allowed to hold.1330
MSCI2026-08-14 07:25:36MSCI Weighs Excluding 'Non-Operating' Firms From Its IndexesIndex provider MSCI has launched a new consultation that could exclude so-called 'non-operating companies' from its Global Investable Market Indexes. The proposed framework drops the previous reliance on crypto-asset share as a single threshold, replacing it with a two-step screen: first, operating assets must exceed 50% of total assets; failing that, companies are tested against five financial ratios — operating asset intensity, expense intensity, cash flow, fair value intensity and capital dependence. At least four failures disqualify a firm. Applying current data to the MSCI ACWI IMI would remove Bitcoin holders Strategy (MSTR) and Metaplanet (3350), as well as uranium holder Yellow Cake. Strategy has accumulated about 840,400 BTC since 2020, while Metaplanet holds roughly 43,000 BTC. MSCI describes such firms as generating value by accumulating and holding non-operating assets, with limited operational cash flow and reliance on external financing. Comments close September 30, with results expected around October 16; even if approved, index changes would not take effect until the November 2026 review. A prior consultation in October 2025, which used a 50% crypto-asset threshold, was postponed after market volatility and industry backlash.1360
Metaplanet2026-08-14 05:37:42Metaplanet H1 FY2026 Revenue Up 134% YoY to ¥4.94 BillionMetaplanet's CEO, Simon Gerovich, has disclosed financial results for the company's fiscal first half of 2026. Revenue for the period reached 4.94 billion yen, representing a 134% increase compared with the same period last year. Operating profit amounted to 3.33 billion yen, up 136% year on year. The firm also reported net assets of 340.88 billion yen, which is 25.7% lower than the figure at the end of fiscal 2025. The numbers were reported by ChainCatcher. These figures reflect increases in revenue and operating profit, alongside a decline in net assets versus the prior year-end.1460
Bitcoin2026-08-13 11:35:53Strategy, Metaplanet paper losses near $10 billion put single-token treasury risk back in focusCoinDesk’s Aug. 13 Daybook excerpt centered on the risk tied to concentrated bitcoin treasury strategies after two of the largest listed holders disclosed massive unrealized losses. Tokyo-listed Metaplanet said its 43,000 BTC position carried a $1.5 billion paper loss as of the end of June, while Strategy, described as the world’s largest public digital asset treasury company, reported a comparable $8.2 billion unrealized loss last month. Together, the two figures come to nearly $10 billion. CoinDesk framed that amount by saying a hypothetical token representing those losses would rank as the 11th-largest digital asset by market capitalization, behind DOGE and ahead of ONDO, ZEC and AAVE. The report said the figures highlight both bitcoin’s growing financialization and the risk of concentrating exposure in a single token, especially as many digital asset treasury firms have relied on debt issuance to fund BTC purchases. Even so, the market has not shown obvious concern so far, with bitcoin holding in a $62,000 to $66,000 range for weeks and trading mostly below $64,000 during the session discussed in the report. Analysts cited by CoinDesk remained divided between technical optimism and macro-driven positioning ahead of Jackson Hole and upcoming economic data.1450
Metaplanet2026-08-13 15:35:09Metaplanet launches BitBonds to keep buying Bitcoin, CEO says 5,000 BTC transfer was not a saleMetaplanet, the Japanese listed company often compared with MicroStrategy in Asia, has moved to debt financing after its common-share issuance route was constrained by its own mNAV policy. According to CryptoSlate, the company has used nearly 83% of its $500 million credit line, or about $414 million, and raised its Bitcoin holdings to 43,000 BTC. It still says it is working toward a year-end target of 100,000 BTC. The company also addressed market speculation around a transfer of more than 5,000 BTC, valued in the report at roughly $322 million. CEO Simon Gerovich said on Aug. 12 that the movement was a routine custody operation, not a sale, and added that the network fee was about $8. Metaplanet said its total holdings remained unchanged at 43,000 BTC. Its latest financial results for the first half of 2026 showed a net loss of 182.77 billion yen, driven almost entirely by a 184.3 billion yen non-cash valuation loss tied to Bitcoin’s decline in yen terms. Excluding that accounting effect, operating profit came to 3.33 billion yen on revenue of 4.94 billion yen. On Aug. 13, Metaplanet said it completed issuance of its 21st to 24th unsecured ordinary bond series under the BitBonds label, raising about 200 million yen with a roughly three-year term and annual coupons of 4.0% to 4.3%.1660
Metaplanet2026-08-13 08:22:58Metaplanet Launches BitBonds, Completes First Private Placement of Yen BondsMetaplanet, a company listed on the Tokyo Stock Exchange, has introduced a new continuous bond issuance program called BitBonds. The company has completed the first private placement under that program, which consists of the 21st through 24th series of unsecured ordinary corporate bonds. The issue date is August 13, 2026. The total amount is approximately 200 million yen, or around $1.25 million, and the issuance is divided into four tranches. Each tranche has a maturity of roughly three years and carries an interest rate within a range of 4.0% to 4.3%. Metaplanet disclosed the placement in a post on its official X account; Foresight's 7X24 flash news service carried the update. These are Japanese yen-denominated unsecured ordinary corporate bonds issued under the BitBonds program. The first private placement under the BitBonds program has four series being offered together, with a term of about three years and a coupon range spanning 4.0% to 4.3%.1330
Metaplanet2026-08-13 08:54:17Metaplanet Raises $1.25M via Private Placement of Bitbonds at 4%-4.3%Metaplanet has announced a private placement of $1.25 million in Bitbonds through its Metaplanet Securities arm, with an annual interest rate of 4% to 4.3%. The offering is designed to help Metaplanet raise funds at a lower cost of capital than most bitcoin treasury companies, with proceeds used to accumulate bitcoin.1210
Metaplanet2026-08-13 07:18:07Metaplanet CEO says $322 million Bitcoin transfer was a custody move, not a saleMetaplanet moved 5,014 BTC over a 24-hour period, triggering market speculation that the company was preparing to sell part of its holdings. The concern followed on-chain alerts from Lookonchain and subsequent coverage by The Block, which pushed the transfer into wider market view. Chief executive Simon Gerovich later responded on X, saying the transaction was a routine custody operation between the company’s own addresses and that no Bitcoin had been sold. He said Metaplanet’s holdings remain at 43,000 BTC. According to figures cited in the report, the transferred Bitcoin was worth about $322 million, and the total network fee for the movement was roughly $8. Cointelegraph was cited for the broader 24-hour transfer tally. The report argued that the on-chain path did not fit a typical sale setup because the assets were not sent to exchange hot wallets. Instead, the funds moved among addresses under the company’s control, while the source wallet still retained 36,000 BTC out of the firm’s 43,000-BTC position. The episode also reflects a broader shift in market sensitivity. With Strategy, MARA Digital and Hut8 all mentioned in the report as having made Bitcoin-related treasury moves this year, traders are reacting more quickly to large transfers by listed corporate holders. Even with the sale rumor denied, the article noted that Metaplanet still faces pressure from unrealized losses, slowed accumulation and a large funding gap tied to its stated year-end target.1280
