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Strategy Inc. has submitted a formal response to the MSCI Equity Index Committee after the index provider proposed removing firms that hold digital assets worth 50% or more of their total assets.
The letter, signed by Executive Chairman Michael Saylor and CEO Phong Le, argues that digital asset treasury companies (DATs) operate as active businesses rather than simple Bitcoin tracking vehicles. Strategy uses Bitcoin as productive corporate capital and not as a passive store of value, the executives wrote.
The company claimed that investors buy into its business model, which in…
Read The Full Article Strategy Challenges MSCI Crypto Treasury Plan and Warns of Forced Outflows On Coin Edition.