Crypto Pros Blast Plan to Exclude Bitcoin Treasuries From MSCI Indexes
A possible move by indexing giant MSCI to exclude crypto treasury companies from its widely followed indexes is drawing fierce backlash from the industry.
MSCI is considering excluding companies that have 50% or more of their assets invested in bitcoin or other cryptocurrencies. The index provider announced the plans in October, with a decision on the move potentially to come in January.
MSCI argues that crypto treasury companies are more like investment funds than operating companies. The idea has drawn opposition from Michael Saylor’s Strategy, as well as Viek Ramaswamy’s Strive Asset Management.
Bitcoin prices have been volatile lately, with the potential for fresh struggles among companies that…
