{"id":19741,"date":"2026-09-27T18:47:17","date_gmt":"2026-09-27T11:47:17","guid":{"rendered":"https:\/\/useful.vn\/?p=19741"},"modified":"2026-09-27T18:47:17","modified_gmt":"2026-09-27T11:47:17","slug":"msci-muon-loai-cong-ty-giu-bitcoin-khoi-chi-so-chung-khoan-toan-cau","status":"publish","type":"post","link":"https:\/\/useful.vn\/?p=19741","title":{"rendered":"MSCI mu\u1ed1n lo\u1ea1i c\u00f4ng ty gi\u1eef Bitcoin kh\u1ecfi ch\u1ec9 s\u1ed1 ch\u1ee9ng kho\u00e1n to\u00e0n c\u1ea7u"},"content":{"rendered":"
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\nMSCI mu\u1ed1n lo\u1ea1i c\u00f4ng ty gi\u1eef Bitcoin kh\u1ecfi ch\u1ec9 s\u1ed1 ch\u1ee9ng kho\u00e1n to\u00e0n c\u1ea7u <\/h1>\n

\u0110\u1ec1 xu\u1ea5t m\u1edbi c\u1ee7a MSCI c\u00f3 th\u1ec3 khi\u1ebfn hai doanh nghi\u1ec7p n\u1eafm gi\u1eef Bitcoin l\u1edbn, trong \u0111\u00f3 c\u00f3 Strategy, b\u1ecb lo\u1ea1i kh\u1ecfi ch\u1ec9 s\u1ed1 ch\u1ee9ng kho\u00e1n to\u00e0n c\u1ea7u.<\/p>\n

MSCI – t\u1ed5 ch\u1ee9c cung c\u1ea5p ch\u1ec9 s\u1ed1 ch\u1ee9ng kho\u00e1n v\u00e0 x\u1ebfp h\u1ea1ng th\u1ecb tr\u01b0\u1eddng – \u0111ang \u0111\u1ec1 xu\u1ea5t m\u1ed9t ph\u01b0\u01a1ng ph\u00e1p m\u1edbi \u0111\u1ec3 x\u00e1c \u0111\u1ecbnh v\u00e0 lo\u1ea1i nh\u1eefng “c\u00f4ng ty kh\u00f4ng v\u1eadn h\u00e0nh” (non-operating companies). Theo \u0111\u00f3, MSCI s\u1ebd \u0111\u00e1nh gi\u00e1 doanh nghi\u1ec7p qua 5 ch\u1ec9 s\u1ed1 t\u00e0i ch\u00ednh g\u1ed3m t\u1ef7 tr\u1ecdng t\u00e0i s\u1ea3n ph\u1ee5c v\u1ee5 ho\u1ea1t \u0111\u1ed9ng, chi ph\u00ed, d\u00f2ng ti\u1ec1n, t\u1ef7 tr\u1ecdng t\u00e0i s\u1ea3n theo gi\u00e1 tr\u1ecb h\u1ee3p l\u00fd v\u00e0 m\u1ee9c \u0111\u1ed9 ph\u1ee5 thu\u1ed9c v\u00e0o v\u1ed1n. M\u1ed9t c\u00f4ng ty c\u00f3 th\u1ec3 kh\u00f4ng \u0111\u1ee7 \u0111i\u1ec1u ki\u1ec7n v\u00e0o ch\u1ec9 s\u1ed1 n\u1ebfu kh\u00f4ng \u0111\u1ea1t 4 tr\u00ean 5 ti\u00eau ch\u00ed.<\/p>\n

Quy tr\u00ecnh \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n qua hai b\u01b0\u1edbc. Tr\u01b0\u1edbc ti\u00ean, MSCI ki\u1ec3m tra li\u1ec7u t\u00e0i s\u1ea3n ph\u1ee5c v\u1ee5 kinh doanh c\u00f3 chi\u1ebfm h\u01a1n 50% t\u1ed5ng t\u00e0i s\u1ea3n hay kh\u00f4ng. N\u1ebfu c\u00f3, doanh nghi\u1ec7p s\u1ebd kh\u00f4ng b\u1ecb xem x\u00e9t th\u00eam. Ng\u01b0\u1ee3c l\u1ea1i, c\u00e1c c\u00f4ng ty ph\u1ea3i tr\u1ea3i qua v\u00f2ng \u0111\u00e1nh gi\u00e1 th\u1ee9 hai d\u1ef1a tr\u00ean 5 ch\u1ec9 s\u1ed1 tr\u00ean.<\/p>\n

MSCI m\u00f4 t\u1ea3 nh\u00f3m “c\u00f4ng ty kh\u00f4ng v\u1eadn h\u00e0nh” l\u00e0 nh\u1eefng doanh nghi\u1ec7p t\u1ea1o ra gi\u00e1 tr\u1ecb ch\u1ee7 y\u1ebfu b\u1eb1ng c\u00e1ch t\u00edch l\u0169y v\u00e0 n\u1eafm gi\u1eef c\u00e1c t\u00e0i s\u1ea3n kh\u00f4ng ph\u1ee5c v\u1ee5 ho\u1ea1t \u0111\u1ed9ng kinh doanh. Do \u0111\u00f3, nh\u00f3m n\u00e0y t\u1ea1o ra \u00edt d\u00f2ng ti\u1ec1n t\u1eeb ho\u1ea1t \u0111\u1ed9ng th\u1ef1c t\u1ebf v\u00e0 ph\u1ee5 thu\u1ed9c v\u00e0o ngu\u1ed3n v\u1ed1n b\u00ean ngo\u00e0i \u0111\u1ec3 t\u0103ng tr\u01b0\u1edfng.<\/p>\n

N\u1ebfu \u00e1p d\u1ee5ng ph\u01b0\u01a1ng ph\u00e1p m\u1edbi d\u1ef1a tr\u00ean d\u1eef li\u1ec7u t\u00ednh \u0111\u1ebfn th\u00e1ng 5, ba doanh nghi\u1ec7p g\u1ed3m Strategy, Metaplanet v\u00e0 Yellow Cake c\u00f3 th\u1ec3 b\u1ecb lo\u1ea1i kh\u1ecfi MSCI ACWI IMI. \u0110\u00e2y l\u00e0 ch\u1ec9 s\u1ed1 ch\u1ee9ng kho\u00e1n to\u00e0n c\u1ea7u to\u00e0n di\u1ec7n, theo d\u00f5i hi\u1ec7u su\u1ea5t c\u1ee7a h\u01a1n 8.000 c\u1ed5 phi\u1ebfu t\u1eeb c\u1ea3 th\u1ecb tr\u01b0\u1eddng ph\u00e1t tri\u1ec3n l\u1eabn th\u1ecb tr\u01b0\u1eddng m\u1edbi n\u1ed5i, ph\u1ee7 s\u00f3ng kho\u1ea3ng 99% c\u01a1 h\u1ed9i \u0111\u1ea7u t\u01b0 tr\u00ean to\u00e0n c\u1ea7u. Trong \u0111\u00f3, Strategy v\u00e0 Metaplanet s\u1edf h\u1eefu l\u01b0\u1ee3ng Bitcoin (BTC) l\u1edbn, c\u00f2n Yellow Cake l\u00e0 c\u00f4ng ty n\u1eafm gi\u1eef uranium.<\/p>\n

Strategy hi\u1ec7n c\u00f3 840.447 BTC, tr\u1ecb gi\u00e1 kho\u1ea3ng 53,18 t\u1ef7 USD, tr\u1edf th\u00e0nh doanh nghi\u1ec7p ni\u00eam y\u1ebft n\u1eafm gi\u1eef Bitcoin l\u1edbn nh\u1ea5t th\u1ebf gi\u1edbi. Metaplanet, ni\u00eam y\u1ebft t\u1ea1i Tokyo, \u0111ang n\u1eafm kho\u1ea3ng 43.000 BTC, tr\u1ecb gi\u00e1 h\u01a1n 2 t\u1ef7 USD.<\/p>\n

MSCI l\u00e0 t\u1ed5 ch\u1ee9c x\u1ebfp h\u1ea1ng c\u00f3 \u1ea3nh h\u01b0\u1edfng l\u1edbn nh\u1ea5t th\u1ebf gi\u1edbi. C\u00e1c ch\u1ec9 s\u1ed1 v\u00e0 k\u1ebft qu\u1ea3 x\u1ebfp h\u1ea1ng c\u1ee7a MSCI \u0111\u01b0\u1ee3c nhi\u1ec1u qu\u1ef9 \u0111\u1ea7u t\u01b0 to\u00e0n c\u1ea7u s\u1eed d\u1ee5ng l\u00e0m c\u01a1 s\u1edf x\u00e2y d\u1ef1ng danh m\u1ee5c v\u00e0 ph\u00e2n b\u1ed5 v\u1ed1n.<\/p>\n

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Michael Saylor, Ch\u1ee7 t\u1ecbch \u0111i\u1ec1u h\u00e0nh Strategy. \u1ea2nh: CoinDesk<\/em><\/p>\n<\/figcaption><\/figure>\n

\u0110\u1ec1 xu\u1ea5t m\u1edbi c\u1ee7a MSCI \u0111\u01b0\u1ee3c \u0111\u01b0a ra v\u00e0i th\u00e1ng sau khi t\u1ed5 ch\u1ee9c n\u00e0y tr\u00ec ho\u00e3n m\u1ed9t k\u1ebf ho\u1ea1ch kh\u00e1c nh\u1eb1m lo\u1ea1i c\u00e1c c\u00f4ng ty c\u00f3 l\u01b0\u1ee3ng t\u00e0i s\u1ea3n ti\u1ec1n s\u1ed1 l\u1edbn.<\/p>\n

Tr\u01b0\u1edbc \u0111\u00f3, t\u1ea1i \u0111\u1ec1 xu\u1ea5t t\u01b0\u01a1ng t\u1ef1 h\u1ed3i th\u00e1ng 10\/2025, h\u00e3ng nh\u1eafm tr\u1ef1c ti\u1ebfp v\u00e0o c\u00e1c doanh nghi\u1ec7p c\u00f3 \u00edt nh\u1ea5t 50% t\u00e0i s\u1ea3n l\u00e0 Bitcoin ho\u1eb7c ti\u1ec1n s\u1ed1 kh\u00e1c, v\u1edbi 39 c\u00f4ng ty n\u1eb1m trong di\u1ec7n b\u1ecb \u1ea3nh h\u01b0\u1edfng. K\u1ebf ho\u1ea1ch n\u00e0y c\u1ee7a MSCI sau \u0111\u00f3 b\u1ecb ho\u00e3n l\u1ea1i sau khi v\u1ea5p ph\u1ea3i ph\u1ea3n \u1ee9ng m\u1ea1nh t\u1eeb th\u1ecb tr\u01b0\u1eddng ti\u1ec1n s\u1ed1.<\/p>\n

Strategy ph\u1ea3n \u0111\u1ed1i ph\u01b0\u01a1ng ph\u00e1p m\u1edbi c\u1ee7a MSCI. C\u00f4ng ty cho r\u1eb1ng m\u00ecnh l\u00e0 m\u1ed9t doanh nghi\u1ec7p \u0111ang ho\u1ea1t \u0111\u1ed9ng, kh\u00f4ng ph\u1ea3i qu\u1ef9 \u0111\u1ea7u t\u01b0, \u0111\u1ed3ng th\u1eddi vi\u1ec7n d\u1eabn ho\u1ea1t \u0111\u1ed9ng kinh doanh ph\u1ea7n m\u1ec1m, qu\u1ea3n l\u00fd ng\u00e2n qu\u1ef9 v\u00e0 c\u00e1c c\u00f4ng c\u1ee5 t\u00edn d\u1ee5ng \u0111\u01b0\u1ee3c b\u1ea3o \u0111\u1ea3m b\u1eb1ng Bitcoin.<\/p>\n

“T\u00e0i s\u1ea3n s\u1ed1 l\u00e0 t\u00e0i s\u1ea3n. C\u00e1c nh\u00e0 cung c\u1ea5p ch\u1ec9 s\u1ed1 n\u00ean \u0111o l\u01b0\u1eddng th\u1ecb tr\u01b0\u1eddng, thay v\u00ec quy\u1ebft \u0111\u1ecbnh doanh nghi\u1ec7p \u0111\u01b0\u1ee3c ph\u00e9p s\u1edf h\u1eefu t\u00e0i s\u1ea3n n\u00e0o”, Strategy n\u00eau quan \u0111i\u1ec3m.<\/p>\n

MSCI \u0111ang l\u1ea5y \u00fd ki\u1ebfn c\u00e1c th\u00e0nh vi\u00ean th\u1ecb tr\u01b0\u1eddng \u0111\u1ebfn 30\/9, d\u1ef1 ki\u1ebfn c\u00f4ng b\u1ed1 k\u1ebft qu\u1ea3 kho\u1ea3ng hai tu\u1ea7n sau \u0111\u00f3, v\u00e0o 16\/10. N\u1ebfu \u0111\u01b0\u1ee3c th\u00f4ng qua, c\u00e1c thay \u0111\u1ed5i s\u1ebd \u0111\u01b0\u1ee3c \u0111\u01b0a v\u00e0o k\u1ef3 r\u00e0 so\u00e1t ch\u1ec9 s\u1ed1 th\u00e1ng 11.<\/p>\n

Nh\u01b0 v\u1eady, ch\u01b0a c\u00f3 quy\u1ebft \u0111\u1ecbnh cu\u1ed1i c\u00f9ng v\u1ec1 vi\u1ec7c Strategy hay Metaplanet c\u00f3 b\u1ecb lo\u1ea1i kh\u1ecfi c\u00e1c ch\u1ec9 s\u1ed1 MSCI hay kh\u00f4ng. Tuy nhi\u00ean, \u0111\u1ec1 xu\u1ea5t m\u1edbi cho th\u1ea5y c\u00e1c doanh nghi\u1ec7p x\u00e2y d\u1ef1ng chi\u1ebfn l\u01b0\u1ee3c t\u0103ng tr\u01b0\u1edfng ch\u1ee7 y\u1ebfu d\u1ef1a tr\u00ean vi\u1ec7c t\u00edch l\u0169y t\u00e0i s\u1ea3n nh\u01b0 Bitcoin \u0111ang ti\u1ebfp t\u1ee5c \u0111\u1ed1i m\u1eb7t v\u1edbi nguy c\u01a1 b\u1ecb c\u00e1c nh\u00e0 cung c\u1ea5p ch\u1ec9 s\u1ed1 xem x\u00e9t l\u1ea1i t\u01b0 c\u00e1ch.<\/p>\n

Ti\u1ec3u Gu<\/strong> (theo CoinDesk<\/em>)<\/p>\n<\/article>\n

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https:\/\/vnexpress.net\/msci-muon-loai-cong-ty-giu-bitcoin-khoi-chi-so-chung-khoan-toan-cau-5109609.html<\/p>\n","protected":false},"excerpt":{"rendered":"

MSCI mu\u1ed1n lo\u1ea1i c\u00f4ng ty gi\u1eef Bitcoin kh\u1ecfi ch\u1ec9 s\u1ed1 ch\u1ee9ng kho\u00e1n to\u00e0n c\u1ea7u \u0110\u1ec1 xu\u1ea5t m\u1edbi c\u1ee7a MSCI c\u00f3 th\u1ec3 khi\u1ebfn hai doanh nghi\u1ec7p n\u1eafm gi\u1eef Bitcoin l\u1edbn, trong \u0111\u00f3 c\u00f3 Strategy, b\u1ecb lo\u1ea1i kh\u1ecfi ch\u1ec9 s\u1ed1 ch\u1ee9ng kho\u00e1n to\u00e0n c\u1ea7u. MSCI – t\u1ed5 ch\u1ee9c cung c\u1ea5p ch\u1ec9 s\u1ed1 ch\u1ee9ng kho\u00e1n v\u00e0 x\u1ebfp h\u1ea1ng<\/p>\n","protected":false},"author":1,"featured_media":19742,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-19741","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-thi-truong"],"_links":{"self":[{"href":"https:\/\/useful.vn\/index.php?rest_route=\/wp\/v2\/posts\/19741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/useful.vn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/useful.vn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/useful.vn\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/useful.vn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19741"}],"version-history":[{"count":0,"href":"https:\/\/useful.vn\/index.php?rest_route=\/wp\/v2\/posts\/19741\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/useful.vn\/index.php?rest_route=\/wp\/v2\/media\/19742"}],"wp:attachment":[{"href":"https:\/\/useful.vn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/useful.vn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/useful.vn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}