MSCI considers excluding firms with high crypto holdings from indexes

MSCI is considering a proposal to exclude companies from its indexes if their digital asset holdings exceed 50% of their total assets, The Block reported. The media outlet noted that if this policy is implemented, it could lead to the removal of several companies, including Strategy (MSTR), which holds over 650,000 BTC. In response, Strive, a Nasdaq-listed asset manager that also holds BTC in its reserves, sent a letter to MSCI CEO Henry Fernandez. Strive argued that excluding companies for exceeding a certain threshold of digital asset holdings would undermine market neutrality. The firm contended that the evaluation of a company's financial strategy should be left to market mechanisms.