MSTR CEO Slams MSCI's Ill-Advised Bitcoin Exclusion Proposal

MSCI's proposed rule change to exclude Bitcoin treasury companies from global benchmark indexes has been met with strong criticism from Strategy Inc. (NASDAQ:MSTR) CEO Phong Le.

In a recent shareholder Q&A session, Le argued that MSCI's updated consultation framework attempts to redefine what constitutes an operating asset, which is at odds with U.S. regulators.

'I think the fact that they're taking a second cut at this is a bit ill-advised,' Le stated.

Le noted that Strategy will submit a formal response to challenge MSCI's approach, which he described as 'antagonistic to Bitcoin, the asset class.'