MSCI Adds Bitcoin Treasury Company SWC to Micro Cap Index

According to TechFlow, on November 13, Bitcoin treasury data platform Bitcoin Treasuries said on X that index giant MSCI announced that, effective November 30, it would add UK Bitcoin treasury company The Smarter Web Company ($SWC) to its Micro Cap Index.

The decision came days after MSCI removed Strategy ($MSTR), the world's largest Bitcoin treasury company, from its indices. MSCI announced the removal of Strategy on November 11, after which MSTR shares fell below $120. Previously, MSCI had sought feedback on whether digital asset treasury companies should remain in its indices, and Strategy Chairman Michael Saylor wrote a letter in September calling for the related screening criteria to be withdrawn.

The Smarter Web Company is listed on the London Stock Exchange and describes itself as the UK's leading Bitcoin treasury company. It completed its IPO in October 2026, raising £10 million, and has continued to issue shares through an ATM facility to purchase Bitcoin. After its inclusion in the Micro Cap Index, passive funds tracking the index will allocate to its shares according to their weights.

Source: TechFlow