Strategy Slams MSCI Proposal Excluding Bitcoin Treasury Firms

Bitcoin treasury firm Strategy has fired back at Morgan Stanley Capital International's (MSCI) latest proposal to exclude it from its Global Investable Market Indexes, calling it 'misguided' and 'flawed.'

In a letter to MSCI on Monday, Strategy's founder Michael Saylor and CEO Phong Le argued that the company is being discriminated against as a digital asset business.

MSCI announced earlier this month that it would be defining 'non-operating companies' and making them ineligible for its Global Investable Market Indexes, which would exclude firms like Strategy from indexes visible to institutional investors.

Strategy's letter stated that the proposal is discriminatory, arbitrary, and misguided, and that it has no meaningful impact on the company's business but would harm MSCI's reputation as a reliable index provider.