MSCI adds Bitcoin treasury company SWC to micro-cap index

On November 13, Bitcoin Treasuries, a bitcoin treasury data platform, announced on X that index giant MSCI will add the UK-based bitcoin treasury company The Smarter Web Company ($SWC) to its Micro Cap Index starting November 30.

This decision comes days after MSCI removed the world's largest bitcoin treasury company, Strategy ($MSTR), from its indices. On November 11, MSCI announced the removal of Strategy, causing its stock price to drop below $120; previously, MSCI had sought public comment on whether digital asset treasury companies should remain in the indices, prompting Strategy chairman Michael Saylor to write a letter in September requesting the withdrawal of such screening rules.

Listed on the London Stock Exchange, The Smarter Web Company describes itself as the UK's leading bitcoin treasury company. It completed its IPO in October 2026, raising £10 million, and continues to issue new shares via an ATM facility to acquire bitcoin. Following its inclusion in the Micro Cap Index, passive funds tracking the benchmark will allocate to its shares according to index weight.