Part 11/13:
MSCI's consultation period remains open until December 31, 2023, with a final decision expected by January 15, 2024. Adjustments would then be incorporated into the February 2024 index review. The outcome hinges on several factors:
Market and Industry Pushback: Strategy’s public letter and broader industry lobbying might influence MSCI’s stance, especially if major asset managers and institutional players voice concerns or provide counterarguments.
Technical Clarifications: Clarifications on what constitutes a “primary business” or how the 50% threshold is measured could sway the decision—especially if certain jurisdictions' accounting standards yield different valuations.