Strategy Opposes MSCI's Proposal to Exclude Non-Operating Companies from Index

On August 31, Strategy, a major U.S. holder of Bitcoin, sent a letter to the MSCI Index Committee, expressing opposition to the proposal to exclude 'non-operating companies' from the index based on asset composition. The company criticized the proposal as discriminatory and arbitrary, and requested its withdrawal. In August, MSCI published a consultation paper proposing a new two-tier standard to redefine non-operating companies and exclude them from the eligibility criteria of the Global Investable Market Indexes (GIMI). According to the document, the new criteria would be applied based on data as of May this year...