Strategy Pushes Back Against MSCI Crypto Index Plan 

Strategy strongly disagrees with MSCI’s plan to remove digital asset companies from its global indexes, arguing that it would harm investors, disrupt the market, and contravene national crypto policies.

The company sent a detailed letter asking MSCI to cancel the plan, noting that the proposal is based on a misunderstanding of how companies holding Bitcoin actually operate. 

The letter explained that the company doesn’t just hold Bitcoin but uses it to fund product development and daily operations, with its treasury working like banks and insurance companies. It also continues running its software and analytics business with an active management approach.

Additionally, the letter emphasized that these digital asset treasuries are real companies, not investment funds, echoing Michael Saylor’s recent confirmation that Strategy remains committed to Bitcoin for the long term.

strategy also urged MSCI to let the market decide the value of the digital asset treasury (DAT) companies. They noted that history shows that new tech leaders are often doubted at first but eventually drive major economic change.

Strategy Flags Risks in MSCI Crypto Index Rule

Strategy warned that MSCI’s proposed threshold would make the index unstable because fast-moving digital asset prices could cause companies to be added or removed too often. 

The company noted that the rule would cause confusion since different countries use different accounting rules for digital assets. This could lead to unfair results in global markets.

Strategy added that the rule would violate MSCI’s promise to keep indexes neutral and consistent and warned it would set a bad precedent by excluding companies based on policy. 

Negotiations between MSCI and Strategy are ongoing ahead of the January 15 review. The firm requested that MSCI remain neutral and avoid shaping policy through index rules. It also asked to extend the consultation if necessary and conduct a more comprehensive review that reflects the rapid evolution of digital asset technology.