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15 Oct 2026

Strategy exclusion from MSCI?

MSCI’s new rules could drop MSTR and Metaplanet from its indexes, risking billions in outflows. A court ruling boosts the UK’s odds of keeping much of its seized 61,000 BTC, and BNY and Citadel ran the first tri-party repo with tokenized Treasuries.
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UK ruling boosts govt’s hold on $5bn BTC
On October 12, the UK High Court ruled that Chinese law, not English law, will decide whether victims of Zhimin Qian’s 2014–2017 Ponzi schemes have rights to the 61,000+ BTC (~$5bn) the Metropolitan Police seized in 2018. Qian bought the bitcoin with fraud proceeds through Huobi, OTC trades and mining before she fled China. She was sentenced last November to 11 years and eight months for money laundering. To recover the coins under the Proceeds of Crime Act, victims must show a proprietary interest in the bitcoin itself. A creditor claim for repayment won’t be enough.The ruling doesn’t settle who owns the bitcoin. But because ownership may be harder to prove under Chinese law, the FT reports it improves the UK government’s chances of keeping
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