ChainCatcher message, according to a report by Reuters, Strategy (MSTR.O) may soon be removed from MSCI and other major stock indices. Analysts say this move could cost the company, which holds a large amount of Bitcoin, up to $9 billion in stock demand and weaken the attractiveness of the entire sector.
In response to customer inquiries, MSCI suggested in October to remove companies with digital asset holdings accounting for 50% or more of total assets from its global benchmark index. MSCI believes these companies are more like investment funds, which are not included in its index system. However, many related businesses argue that they are engaged in actual operations and developing innovative products, claiming that MSCI's proposal discriminates unfairly against the crypto industry.
Moreover, dozens of companies have been inspired to incorporate cryptocurrency tokens into their balance sheets, hoping for future appreciation, but doubts about the sustainability of these business models are also increasing. MSCI is conducting a public consultation and will announce its final decision on January 15. Analysts point out that if MSCI excludes Digital Asset Treasury (DAT) companies from the index, other index providers may follow suit.
