Strategy opposes the proposed removal of the global index from MSCI, stating that Digital Asset Treasury is being targeted again

On 1 September, Strategy wrote to MSCI, the index compiler, against the latter's proposal to exclude “non-operational companies” from the global investible market index, stating that the programme was misleading, flawed and discriminatory, and that it was in essence targeted again at Digital Asset Treasury. MSCI had previously suggested that if a company was identified as a “non-operational company”, it would no longer be eligible for inclusion in the relevant global index. Strategy states that there is no precedent for MSCI based on the fact that Bitcoin is a “non-operational asset” and that the classification is arbitrary and without explanation. It emphasized that it had classified its Bitcoin operations as operating branches and included the related gains and losses in operating costs. Strategy states that the company ' s global presence of 1,500 employees and its initiative to use bitcoin to create value for shareholders would, if adopted, not have a substantial impact on its business, but would undermine the credibility of MSCI as a neutral index provider. Strategy currently holds 845,050 bitcoins valued at approximately $65.8 billion。