MSCI’s Crucial Verdict: Strategy’s Fight Against Index Exclusion
MSCI’s pending decision on January 15 threatens the removal of digital asset treasury companies (DATs) like Strategy from its indices. JPMorgan’s skepticism and November’s market decline underscore the high stakes. Strategy’s leadership, including Michael Saylor and CEO Phong Le, argues in a 12-page rebuttal that DATs operate as legitimate businesses and warns against arbitrary crypto reserve thresholds.
The proposal’s 50% crypto reserve rule faces sharp criticism for injecting policy bias into index construction. Strategy contends this risks stifling financial innovation and could damage MSCI’s credibility as a neutral benchmark provider. The industry watches closely as the verdict may set precedents for how traditional finance indexes treat crypto-native enterprises.
