Michael Saylor's Strategy engages MSCI to retain MSTR in indexes amid Bitcoin volatility.
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Michael Saylor’s Strategy Battles Potential MSCI Index Exclusion
Michael Saylor, CEO of Strategy, is actively engaging with MSCI to ensure that his company’s common A stock, MSTR, remains part of the MSCI indexes. This comes after the stock was included in the MSCI World Index during a Bitcoin rally in 2024. Despite the company’s significant Bitcoin holdings of 650,000 BTC, MSCI is considering the removal of MSTR and other digital asset treasuries (DATs) from its indexes, prompting Strategy to advocate for its retention.
Amid consultations by MSCI on the potential exclusion, Saylor is communicating with the index provider to address the issue. According to a Reuters report, Saylor expressed uncertainty about JPMorgan’s estimation that an exclusion could lead to $2.8 billion in outflows.
Related: Michael Saylor Proposes Digital Asset Framework to Bolster U.S. Global Dominance
The Role of the MSCI World Index
The MSCI World Index, launched in 1986 by Morgan Stanley Capital International, is a global stock market index that tracks over 1,300 large and mid-cap companies across 23 developed markets. It includes major tech companies like Nvidia and Apple, which together constitute over 10% of the index. MSTR became part of this index in May 2024, following Strategy’s aggressive Bitcoin acquisition strategy, which began three years prior.
Challenges Facing Digital Asset Treasuries
Digital asset treasuries, including Strategy and Japan’s Metaplanet, have faced significant challenges following a boom in July 2025. Many of these companies have seen their stock values plummet to multimonth lows. Metaplanet’s enterprise value, for instance, fell below the value of its Bitcoin holdings, highlighting the volatility and risks associated with DATs, as reported by Cointelegraph.
On October 10, MSCI issued a formal announcement regarding the potential exclusion of DATs from its indexes, with consultations open until December 31, 2025, and final decisions expected by January 15, 2026. This development has prompted Saylor to acknowledge the inherent volatility of a company heavily reliant on Bitcoin, as he noted during a recent event in Dubai.
Strategy’s Financial Moves
In response to these challenges, Strategy has launched a $1.44 billion reserve to support dividend payments and interest on its outstanding debt. The company has also adjusted its 2025 key performance indicators amid Bitcoin’s decline below $90,000. Despite these hurdles, Strategy remains committed to its Bitcoin strategy, viewing the sale of Bitcoin as a last resort if necessary, according to Cointelegraph.
As the consultation period continues, the outcome of MSCI’s decision will be crucial for Strategy and the broader digital asset treasury sector, potentially influencing investor confidence and market dynamics.
Emily brings a decade of expertise in blockchain technology and decentralized finance (DeFi). She specializes in market trends and regulatory developments, providing in-depth analyses that resonate with seasoned investors and beginners alike. With a background in financial journalism, she is dedicated to bringing clarity to the fast-paced world of crypto.
