Strive Opposes MSCI's Proposal to Exclude Bitcoin-Holding Companies from Index

Strive, a NASDAQ-listed asset management firm, has sent a letter to major index provider MSCI, opposing the proposal to exclude companies holding Bitcoin (BTC), including Strive, from the MSCI Global Investable Market Indexes. Strive's CEO, Matt Cole, argues that the criterion to exclude companies where virtual currencies comprise over 50% of total assets is unjustified, overly broad, and impractical. According to Strive's disclosure, the company currently holds over 7,500 BTC, ranking it 14th among public companies in terms of Bitcoin holdings.