The debate over whether crypto-heavy companies belong in major stock indices is barely settled, and already another crypto player is stepping in.
Just a few months ago, the index provider was contemplating removing digital asset treasury (DAT) companies that have more than 50% of their balance sheets allocated to crypto.
A DAT company holds cryptocurrencies on its corporate balance sheet in the same way traditional firms hold cash reserves.
Related: JPMorgan warns of MicroStrategy delisting risk from major equity indices
On the receiving end of this proposal was Michael Saylor’s MicroStrategy, now known as Strategy (NASDAQ: MSTR).
In December 2025, Strategy pushed back, calling MSCI’s proposal “discriminatory,…
