Saylor’s Strategy Calls on MSCI to Reverse Its Index Exclusion Plans

While this typically describes Strategy (formerly MicroStrategy), as its Bitcoin holdings represent nearly all of its total assets, the renowned Bitcoin treasury firm is at the verge of being excluded from the MSCIs Global Investable Market Indexes.

In its assertions, Strategy explained that digital asset treasuries are real operating businesses, not passive investment funds, and should be treated the same as companies holding cash, commodities, or other concentrated balance-sheet assets.

MSCIs new rule is discriminating: Strategy

While Strategy had demanded the broad crypto community to join hands on its appeal against the move, it had described the MSCIs new proposed rule as “arbitrary and discriminatory,” noting that no similar asset-specific limit exists elsewhere in MSCIs standards.

Moreover, Strategy further warned that implementing the new rule could inject policy-driven judgments into index construction, something index providers have historically avoided to maintain neutrality and global credibility.

Also, Strategy further stresses that removing DATs from global indexes would conflict with the aim of the U.S. policies that position cryptocurrencies as the major infrastructures for future economic growth, pointing out that Bitcoin and other digital assets are already forming the foundation of a new financial system, and that American companies are in the best position to lead this growth.

While Strategy is now pleading with MSCI to drop the proposal, it warned that blocking DATs from major indexes would only halt major innovations, which would negatively affect both investors and the broader market.