🚨 MSCI’s Caution on Digital Asset Treasuries Makes Sense
MSCI’s potential move to exclude Digital Asset Treasuries (DATs) from its indexes has stirred major debate in the crypto world. But this caution may be justified. While Strategy (formerly MicroStrategy) proved how powerful a Bitcoin treasury model can be posting over 3,000% gains since 2020 the rapid rise of DATs has introduced serious risks.
From just 4 DATs in 2020 to over 140 by 2025, many new entrants rushed in during the bull market, often buying volatile tokens at high prices and using unfavorable or secured debt. Unlike Strategy’s flexible financing, these structures leave little room for downturns.
With cracks already showing during a normal market correction, MSCI’s concern is clear: inclusion signals safety, transparency, and strong governance—standards many DATs simply don’t meet yet. This isn’t an attack on crypto, but a protective move for investors.
In the long run, higher standards could strengthen the space—supporting solid, well-managed digital asset treasuries while filtering out risky players before they become a systemic threat.
