– Strategy opposes MSCI’s proposal to exclude Digital Asset Treasury companies – Proposal criticized as “discriminatory and arbitrary” – Exclusion could lead to $2.8 billion in liquidations for Strategy – Urges fair treatment similar to other asset-heavy industries like REITs or oil – Potential impact on pension plans, 401(k)s, and market dynamics – MSCI urged to reconsider exclusion to support digital asset industry growth

Strategy, previously MicroStrategy, opposes MSCI's proposal to exclude digital asset treasury companies (DATs) from its indexes.

Main Points

Bitcoin could be impacted as Strategy holds significant digital assets.
The firm argues the exclusion threshold of 50% digital assets on balance sheets is misguided and discriminatory.
Strategy compares its investment approach to real estate or oil companies, advocating for similar treatment.
Excluding DATs could stifle innovation within the digital asset industry.
JPMorgan analysts estimate potential liquidations up to $2.8 billion for Strategy if excluded.
Market dynamics might be distorted, incentivizing miners to sell assets immediately.
Strategy urges MSCI to reconsider, arguing the proposal misinterprets DATs' nature and national interests.

Strategy

Strategy's stock (MSTR) remains stable at $185 amid consolidating crypto prices.