Strategy’s (MSTR) Michael Saylor Dismisses Index Concerns: ‘Our Conviction in Bitcoin is Unwavering’
Summary
Michael Saylor, co-founder of Strategy (MSTR), publicly refuted warnings that the company could face billions in passive outflows if excluded from major equity indices like those managed by MSCI. Saylor emphasized that Strategy is an operating company with a software business and a unique treasury strategy using Bitcoin as productive capital, distinguishing it from passive funds or holding companies. He pointed to the firm's recent structured finance activities, including over $7.7 billion in digital credit securities offerings, as evidence of its active role in capital markets innovation. Saylor stated that index classification does not define the company, affirming their long-term strategy and "unwavering conviction in Bitcoin" as they aim to build the world's first digital monetary institution. This response comes as MSCI reportedly reviews whether companies with significant digital asset holdings should remain in traditional benchmarks, a move that analysts warned could trigger billions in outflows for MSTR.
(Source:Bitcoin Magazine)