On the 25th, Strive, a Nasdaq-listed Bitcoin (BTC) treasury company, sent a letter to the MSCI Equity Index Committee. The letter pointed out that the definition of 'business assets,' which serves as the criterion for excluding 'non-operating companies' from the index, is unclear in the proposed revisions.
Strive currently holds 26,355 BTC and issues preferred shares that convert Bitcoin price movements into products with different risk-return characteristics. The company argues that the proposed revisions classify 'business...
