MicroStrategy pushed back against Morgan Stanley Capital International’s (MSCI) proposal to remove Bitcoin-heavy companies from major equity indexes, arguing the rule wrongly treated them like investment funds. The response came after JPMorgan warned that the move could trigger billions in forced selling, putting Strategy at the center of a broader debate over how Bitcoin exposure should be managed in public markets. Strategy Defends Its Operating Model Strategy (formerly MicroStrategy) issued a statement on Wednesday arguing that MSCI’s proposal fundamentally misrepresented how Bitcoin-heavy companies operated. In the 12-page letter signed by Executive Chairman Michael Saylor and President Phong Le, the firm maintained that it was an operating business that used its Bitcoin reserves to issue credit instruments and raise capital
source: https://beincrypto.com/microstrategy-pushes-back-against-morgan-stanley-msci/