Strategy Challenges MSCI Plan to Exclude Bitcoin Treasury Firms

Bitcoin treasury company Strategy has opposed a proposal from Morgan Stanley Capital International (MSCI) that would exclude the Nasdaq-listed firm from MSCI’s Global Investable Market Indexes. In a letter sent to MSCI on Monday, Strategy founder Michael Saylor and CEO Phong Le described the proposal as “misguided” and “flawed.” They also accused MSCI of discriminating against digital asset businesses. The dispute centers on the treatment of companies that hold Bitcoin as a core part of their corporate strategy. Strategy said the proposal represents a second instance of Bitcoin treasury firms being targeted, according to Bitcoin Magazine. MSCI had previously outlined the proposal, though the supplied report does not provide further details on its terms or timeline. Strategy is one of the most prominent publicly listed companies associated with a Bitcoin treasury strategy.