Saylor Slams MSCI Plan to Bar Crypto-Heavy Firms From Indexes

Strategy Inc. Executive Chairman Michael Saylor publicly slammed a proposal to bar the Bitcoin-buying firm from US indexes as “misguided” and “harmful.”

In a 12-page letter dated Wednesday, the co-founder of the digital asset treasury and Phong Le, Strategy’s CEO and president, laid out four key objections — spanning technology, accounting and politics — to MSCI’s proposal to exclude companies whose crypto holdings exceed 50% of total assets. Strategy, the original and largest of the so-called DATs, holds roughly $61 billion in Bitcoin, more than 85% of its enterprise value.

Strategy warned of “profoundly harmful consequences” if MSCI ...