# Сопутствующие статьи по теме Exclusion

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Exclusion", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Strategy Takes a Hardline Stance Against MSCI: What's in the 12-Page Open Letter of Defense?

In October 2024, MSCI proposed excluding companies with over 50% of their assets in digital assets from its global investable market indices, directly threatening Digital Asset Treasury (DAT) companies like MicroStrategy. Analysts warned this could trigger up to $8.8 billion in outflows, with MicroStrategy alone facing $2.8 billion in passive selling pressure. In response, MicroStrategy submitted a 12-page public letter to MSCI, strongly opposing the proposal as "misleading and destructive." The company argued that digital assets represent a revolutionary financial technology, comparable to historic infrastructure investments like oil or telecommunications. It emphasized that DATs are operational businesses with active revenue models, not passive funds, and criticized the 50% threshold as arbitrary, discriminatory, and impractical due to Bitcoin's volatility. MicroStrategy also accused MSCI of violating index neutrality and contradicting the U.S. government's pro-digital asset strategy. The company demanded MSCI withdraw the proposal or extend the consultation period. It is not alone—over 300 entities, including Strive and Bitcoin for Corporations, have joined opposition efforts, suggesting alternative indices instead of exclusion. The outcome, expected by January 2026, will significantly impact the integration of digital asset companies into traditional financial markets.

marsbit12/11 19:52

Strategy Takes a Hardline Stance Against MSCI: What's in the 12-Page Open Letter of Defense?

marsbit12/11 19:52

Strategy Takes a Hard Line Against MSCI: The Ultimate Defense of DAT

In a significant industry clash, digital asset treasury company Strategy has issued a forceful 12-page public letter to MSCI opposing its proposal to exclude companies with over 50% digital asset holdings from its global investable market indices. Strategy argues the move is discriminatory, misleading, and threatens billions in capital flow, potentially causing up to $2.8 billion in passive outflows from its stock alone. The company defends its business model, asserting that digital asset treasuries (DATs) are operational companies—not passive funds—with active strategies like issuing digital debt instruments to fund Bitcoin acquisitions and generate shareholder returns. It compares its role to historic infrastructure builders like Standard Oil and AT&T, emphasizing Bitcoin’s transformative potential in finance. Strategy highlights four key objections: the proposal is arbitrarily discriminatory against digital assets; it violates index providers' neutrality principles; it is impractical due to Bitcoin's volatility and accounting disparities; and it contradicts the U.S. government’s pro-digital asset strategy. The firm demands MSCI withdraw the proposal or extend consultations. Backed by industry advocates and data showing over 200 public companies hold more than 5% of Bitcoin’s supply, Strategy urges MSCI to let markets—not biased rules—determine the value of digital asset companies. The decision, expected by January 2026, could redefine the role of crypto-native firms in traditional finance.

深潮12/11 08:38

Strategy Takes a Hard Line Against MSCI: The Ultimate Defense of DAT

深潮12/11 08:38

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