Strategy says MSCI should measure markets, not dictate corporate assets
MicroStrategy has publicly criticized MSCI's proposal to exclude companies with significant digital asset holdings from its indices. The company argues that it is an operating business rather than an investment fund and that index providers should remain neutral regarding corporate asset ownership.
Why it matters
This dispute highlights the ongoing friction between traditional financial index standards and the growing corporate adoption of Bitcoin.
Strategy said on X , “Digital assets are assets. Index providers should measure markets, not decide which assets companies are allowed to own,” Strategy said. “MSCI’s proposal puts it out of step with regulators, markets, and its own customers. Bitcoin doesn’t need MSCI. Neither does Strategy.”
The latest consultation replaces an earlier proposal focused specifically on companies with significant digital asset holdings. Applying the new financial-ratio screen using May 2026 data would have resulted in the removal of Strategy, Metaplanet and uranium holder Yellow Cake from the MSCI ACWI IMI.
The response follows Strategy’s formal objection in December 2025 to MSCI’s previous proposal, which would have excluded companies whose digital assets represented at least 50% of total assets.
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