Vivek Ramaswamy’s Strive Urges MSCI to Rethink Bitcoin Index Exclusion
Strive Asset Management is urging MSCI to reconsider its proposal to exclude companies with over 50% of assets in Bitcoin from major equity benchmarks.Summary
Strive Asset Management, co-founded by Vivek Ramaswamy, has formally urged MSCI CEO Henry Fernandez to abandon a proposal that would remove companies holding over 50% of their total assets in Bitcoin from major equity benchmarks. Strive argues this rule is "unjustified, overbroad and unworkable," potentially creating uneven global results due to differing U.S. GAAP and IFRS accounting standards for digital assets. Strive suggests MSCI should instead rely on existing optional "ex-digital-asset treasury" index variants, similar to those used for energy or tobacco sectors, to maintain index neutrality. The firm contends that excluding bitcoin treasuries imposes an investment judgment, comparing it to excluding energy companies with large oil reserves. The proposed change could significantly impact large holders like Strategy, potentially causing billions in passive outflows. Strive warns that strict rules might stifle innovation by penalizing U.S. markets while benefiting international firms using IFRS treatment. MSCI is scheduled to announce its decision on January 15, 2026.
(Source：Bitcoin Magazine)