Michael Saylor Pushes Back on MSCI’s Plan to Cut Crypto Treasury Firms
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Strategy founder Michael Saylor responded to MSCI’s proposed rule change, arguing his company shouldn’t be treated like a passive crypto holder. Saylor says Strategy is a “Bitcoin-backed structured finance company,” not a fund or trust. The update would strip index eligibility from firms with 50% or more of their balance sheets in crypto, putting Strategy’s Nasdaq 100 status at risk.
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Saylor defending crypto treasuries was expected — he never backs down.

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Corporate BTC allocation remains a major battleground.
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