Strategy Pushes Back Against MSCI's Plan to Remove It from Global Index, Citing Ongoing Targeting of Digital Asset Treasury Companies

BlockBeats News, September 1st, Strategy has written a letter to the index compiler MSCI, opposing the proposal to exclude "non-operating companies" from the Global Investable Market Index, stating that the proposal is misleading, flawed, and discriminatory, essentially targeting digital asset treasury companies once again.

Previously, MSCI proposed that if a company is identified as a "non-operating company," it would no longer qualify for inclusion in the relevant global indices. Strategy stated that MSCI's classification of Bitcoin as a "non-operating asset" has no precedent, and the classification method is arbitrary and lacks explanation. The company emphasized that it has categorized its Bitcoin business as an operating segment and includes related gains and losses in operating expenses.

Strategy stated that the company has 1,500 employees globally and actively uses Bitcoin to create value for shareholders. While the proposal, if adopted, will not materially impact its business, it will damage MSCI's reputation as a neutral index provider. Currently, Strategy holds 845,050 bitcoins, worth approximately $65.8 billion.