MicroStrategy Pushes Back on MSCI's Digital Asset Exclusion Proposal

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MicroStrategy has pushed back on MSCI's proposal to exclude firms with 50% or more of assets in digital assets from its global indexes. The company, led by Michael Saylor, argues it is an active operating business engaged in bitcoin-backed credit instruments, corporate treasury management, and enterprise software. MicroStrategy called the threshold arbitrary and listed five reasons it is not an investment fund. The move comes amid ongoing **digital asset regulation** debates, including the EU’s **MiCA (EU Markets in Crypto-Assets Regulation)** framework. The proposal could trigger major capital outflows if passed.
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