Strategy has criticized MSCI’s proposed “non-operating company” rules, which could lead to its exclusion from the index provider’s global equity indexes:
- The company stated that the new proposal repeats the issues of MSCI’s earlier digital asset-specific plan and unfairly penalizes companies for holding bitcoin.
Strategy, the largest bitcoin treasury company, has pushed back against MSCI’s proposed methodology for identifying “non-operating companies,” which could result in the company being removed from MSCI’s global equity indexes.
Strategy said, “Digital assets are assets. Index providers should measure markets, not decide which assets companies are allowed to own.” The company also noted that MSCI’s proposal is out of step with regulators, markets, and its own customers.
The latest consultation replaces an earlier proposal focused specifically on companies with significant digital asset holdings.
Strategy argued that it is an operating company, not an investment fund or passive bitcoin vehicle, and urged MSCI to maintain neutral index standards.
MSTR is down 4.3% as bitcoin dips to $62,600.
