Strive calls on MSCI to rethink its ‘unworkable’ Bitcoin blacklist

Nasdaq-listed Strive, the 14th-largest publicly-listed Bitcoin treasury firm, sent a letter to MSCI urging the index provider to reconsider its proposal to exclude companies whose digital asset holdings exceed 50% of total assets from its indexes. Strive CEO Matt Cole argued this exclusion would limit passive investors' exposure to growth sectors, especially as Bitcoin miners like MARA Holdings, Riot Platforms, and Hut 8 are diversifying into AI infrastructure, which is increasingly power-constrained. Cole also noted that excluding these firms would hinder the growth of Bitcoin structured finance products offered to investors. Furthermore, Strive contends the 50% threshold is unworkable due to asset volatility causing companies to frequently enter and exit indexes, increasing costs. Instead of a blanket exclusion, Strive proposed MSCI create an "ex-digital asset treasury" version of its existing indexes, allowing asset owners to choose benchmarks that align with their investment mandates.

(Source：Cointelegraph)