Michael Saylor Comments on MSCI's Potential Exclusion of MSTR

ChainCatcher report: Michael Saylor, founder of Bitcoin treasury company Strategy, responded to the possibility that MSCI’s new index rules might exclude MSTR in an interview with Bloomberg. He said this move is not particularly significant for Strategy, as the amount of capital they control is relatively small, but he expressed disappointment in MSCI’s current stance—oil, natural gas, land, and machinery are all considered capital, yet Bitcoin is not. This is a value judgment and reflects a bias against digital assets. He likened MSCI to unregistered financial advisors setting a harmful precedent for the entire industry, and urged them to reconsider. Digital assets represent the future; MSCI may choose not to participate in this future, but investors and the United States will not agree. If MSCI withdraws its proposal to exclude MSTR, it would benefit the entire industry.

In addressing the core dispute over whether Strategy is a company with actual business operations, Michael Saylor compares banks and insurance companies, arguing that these financial institutions sell credit and insurance policies, while Strategy uses Bitcoin to back digital credit products; therefore, Strategy is an operating business and should be viewed the same as other financial companies.