‘Bitcoin doesn’t need MSCI’ – Strategy fires back as MSTR deletion odds hit 73%

Strategy has slammed global index provider MSCI Inc. for its new plan to exclude it from listings. The world’s largest Bitcoin treasury firm hit back at MSCI, adding that neither Strategy nor Bitcoin needs it to survive. 

Bitcoin doesn’t need MSCI. Neither does Strategy.

At the same time, the firm tried to defend the need for it to stay on the index listing, noting that, 

Digital assets are assets. Index providers should measure markets, not decide which assets companies are allowed to own. MSCI’s proposal puts it out of step with regulators, markets, and its own customers.

Will Bitcoin treasury firms block MSCI index exclusion?

This is the second attempt MSCI Inc. is trying to block Strategy and other firms that buy and hold crypto assets (non-operating companies) from its indices. Earlier this year, MSCI shelved a similar plan following massive backlash. 

During the backlash, Bitcoin treasury firms maintained that MSCI was wrongly targeting the crypto sector.

To likely clear the bias argument, MSCI came back with a broader framework. The new rule flagged even Yellow Cake, a firm that buys and holds uranium, to be excluded from the index. 

Now crypto supporters’ counter-argument has gone from bias to “MSCI shouldn’t decide which assets companies are allowed to own.”