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MicroStrategy Challenges MSCI's 50% Digital Asset Rule, MSTR Drops 40%

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MicroStrategy (MSTR) filed a 12-page letter on December 10 challenging MSCI’s plan to exclude digital asset market firms from its Global Investable Market Indexes. The company said it runs as a business, not a fund, and warned the move would harm the digital asset market. MSTR’s stock has fallen nearly 40% since the October 10 consultation began, though on-chain data shows Bitcoin also dropped 24% in the same period.
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