MSCI Rule Puts Strategy at Risk, Says Bitcoin Policy Institute Paper

A Bitcoin Policy Institute paper argues that MSCI’s proposed treatment of companies whose assets are predominantly digital assets as investment funds could threaten Strategy’s inclusion in major equity indexes. Exclusion would potentially reduce passive-investment demand and increase financing and liquidity pressures for Strategy, whose model centers on holding Bitcoin. The issue highlights how index-provider rules and regulatory classification—not just Bitcoin’s price—could materially affect corporate Bitcoin accumulation strategies.