MSCI’s Bitcoin snub is like penalizing Chevron for oil: Strategy CEO

Strategy CEO Phong Le strongly criticized MSCI's proposal to consult on excluding companies whose balance sheets are over 50% in digital assets like Bitcoin, calling the stance "misinformed and misguided." Le argued that this exclusion is analogous to penalizing established companies like Chevron for holding oil, Weyerhaeuser for holding wood, or Simon Property Group for holding real estate. He suggested that stifling innovation in the digital asset category so early is premature, comparing it to restricting investment in necessary infrastructure like cell towers in the 1980s or compute power for AI today. Furthermore, Le disputed MSCI's characterization of digital asset treasury companies (DATs) as investment funds rather than operating companies, asserting that Strategy is legally structured as an operating company. Strategy has formally pushed back on the proposal, arguing that MSCI is biasing the index against crypto rather than acting as a neutral arbiter. The MSCI consultation period closes on December 31, with changes potentially taking effect in February.

(Source：Cointelegraph)