MicroStrategy Challenges MSCI's Proposal on Bitcoin Holdings
- MicroStrategy challenges MSCI’s proposal affecting firms with major Bitcoin holdings.
- Leadership contends exclusion is discriminatory and unfair.
- Potential index eligibility risk for Bitcoin-focused firms.
Michael Saylor and Fong Lee of MicroStrategy have questioned MSCI’s proposal to exclude Bitcoin-heavy companies from global indices, arguing against the potentially discriminatory digital asset holding threshold.
The proposal’s exclusion criteria could limit market access for Bitcoin-holding firms, impacting their index eligibility and investor reach, raising concerns within the digital asset community.
MicroStrategy’s leadership, including Michael Saylor, challenges MSCI’s proposal to exclude companies with significant digital asset holdings. The opposition cites unfair criteria compared to other industries.
Michael Saylor and Fong Lee of MicroStrategy have submitted a letter questioning MSCI’s proposal. The disagreement focuses on the suggested exclusion of companies with large Bitcoin holdings. As Michael Saylor himself mentioned, “Michael Saylor’s Bitcoin investing giant just put out a letter signed by Saylor himself along with President and CEO Fong Lee saying that it disagrees with the proposed change,” per CNBC Crypto World coverage of MicroStrategy’s response.
The proposed exclusion could affect companies like Metaplanet and Capital B, potentially altering the market dynamics. There is concern about limited access to global indices.
MicroStrategy believes the exclusion criteria unfairly target DATs, arguing it could impact their global market index eligibility.
The ongoing discussions involve extending the proposal consultation to December 2025. A conclusion is anticipated by January 2026.
The exclusion’s potential financial impacts involve decreasing index eligibility for firms with digital asset holdings exceeding 50% of total assets, risking their visibility in global investment markets.
