Strategy asks MSCI to reject proposal excluding Bitcoin-heavy firms
Strategy urged MSCI to reject a proposal that would exclude companies with over 50% of assets in digital assets from key indexes.Summary
Strategy, through a letter from its executive chairman Michael Saylor and CEO Phong LE, has formally opposed MSCI's proposal to exclude companies whose digital asset holdings constitute 50% or more of total assets from its equity indexes. Strategy argues that these Digital Asset Treasury (DAT) companies are operating businesses creating shareholder value through active Bitcoin use, not mere investment funds. The company contends that the 50% threshold is arbitrary and discriminatory, as it targets digital asset businesses while ignoring similarly concentrated holdings in other sectors like oil or real estate. Furthermore, Strategy suggests the exclusion could destabilize markets and conflicts with current US policy, citing presidential support for digital financial technology growth. Analysts estimate Strategy could face up to $2.8 billion in stock liquidation if the proposal is implemented.
(Source：Crypto Briefing)