Strategy Pushes Back on MSCI Review of Index Exclusions, Says Digital Assets Are Assets

Strategy, the listed company with the world's largest Bitcoin holdings, has pushed back against MSCI's proposed revision to its index exclusion criteria.

In a post on X on August 14, the company said "digital assets are assets" and that an index provider's role is to measure markets, not decide which assets companies can hold.

It added that MSCI's proposal is out of step with regulators, the market and the index provider's own clients. "Bitcoin does not need MSCI, and neither does Strategy," the company wrote.

MSCI is considering a plan to classify companies that place greater emphasis on asset accumulation than on actual business operations as "non-operating companies" and remove them from its indexes. Strategy and Metaplanet, a Japanese corporate Bitcoin treasury company, are among the candidates for exclusion.