Center Laboratories

Strategy, the Bitcoin treasury company led by Michael Saylor, faces a fresh MSCI delisting threat after the index provider opened a consultation on the eligibility of non-operating companies for its Global Investable Market Indexes. A simulation using May 2026 data shows Strategy, Metaplanet, and Yellow Cake could be deleted from the MSCI ACWI IMI, while SharpLink, Center Laboratories, and Lydia Holding would be placed on a watchlist. MSCI's proposed framework would exclude companies that fail an initial operating-asset test and trigger at least four of five financial flags, including operating assets below 20% of total assets and negative operating cash flow. Strategy, with a free-float-adjusted market cap of $23.9 billion in the simulation, is the largest company that could be removed, and the company responded on X saying index providers should measure markets, not decide which assets companies are allowed to own. MSCI is gathering feedback through September 30 and expects to announce results by October 16.