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Strategy calls MSCI index rule proposal discriminatory against digital treasuries
MSCI’s consultation would require certain firms with operating assets below 50% of total assets to face extra financial-ratio checks, with at least four flags making them ineligible for index listings.
The Block reports that Strategy formally opposed an MSCI consultation aimed at potentially excluding some companies from its MSCI Global Investable Market Indexes based on how much of their assets are categorized as operating versus non-operating.
Strategy, the digital asset treasury firm, said MSCI’s latest plan is a “pretext” to target digital asset treasury companies, arguing the proposal is discriminatory, arbitrary, and misguided, and asking MSCI to withdraw it.
In a letter signed by Strategy’s Executive Chairman Michael Saylor and CEO Phong Le, the company said MSCI’s proposal would have no meaningful impact on Strategy’s business but could damage MSCI’s reputation as a neutral index provider.
The latest MSCI proposal follows a prior consultation where firms with operating assets below 50% of total assets could be subject to five additional financial-ratio examinations, with at least four flags leading to ineligibility, and it extends MSCI’s 2025 review of whether digital asset treasury firms should remain in its indices.