Bitcoin For Companies (BFC), in coordination with its member companies, formally challenged MSCI’s proposed rule to exclude companies from the MSCI World Investable Market Indexes if digital sources symbolize 50% or more of complete sources.
The guideline would be aware to companies whose predominant alternate is labeled as digital-asset treasury job.
BFC argues the proposal misclassifies working companies by prioritizing steadiness-sheet holdings over proper alternate operations.
“MSCI has long outlined companies by what they accomplish, no longer by what they retain. This proposal abandons that precept for a single asset class,” said George Mekhail, managing director of BFC. “A shareholder-authorized treasury resolution shouldn’t override that fact.”
The coalition identified three structural concerns with the proposal. First, it redefines predominant alternate in accordance to asset composition rather then earnings-generating operations. 2nd, it singles out digital sources while assorted asset courses face no identical therapy.
Third, it ties index inclusion to volatile market costs, constructing unpredictable membership modifications.
BFC warned that the proposal could presumably result in passive fund outflows, elevated capital costs, and elevated volatility for companies, all unrelated to operational efficiency.
The crew urged MSCI to withdraw the brink, preserve an operations-based mostly mostly classification, guarantee that asset-class neutrality, and engage with market members on a alternate-aligned framework.
1/ JUST IN: @BitcoinForCorps (BFC) is formally calling on MSCI to withdraw its proposed 50% digital-asset exclusion rule.
The proposal straight away impacts how working companies are handled in global indexes.
Here is all the issues that it is seemingly you’ll indulge in gotten to know:
pic.twitter.com/mfBCML5AgW
— Bitcoin For Companies (@BitcoinForCorps) December 8, 2025
pic.twitter.com/mfBCML5AgWStrive echoes the sentiment
Strive Asset Management, co-based mostly by Vivek Ramaswamy, also formally urged MSCI final week to reconsider its proposal to exclude companies with bitcoin holdings exceeding 50% of complete sources from significant equity benchmarks.
In a letter to MSCI CEO Henry Fernandez, Strive warned that the rule could presumably produce inconsistent outcomes resulting from differing accounting standards below U.S. GAAP and IFRS.
Strive, the 14th-greatest company bitcoin holder with over 7,500 BTC, argued that the 50% threshold is “unjustified, overbroad, and unworkable.” Its executives highlighted that many bitcoin treasury companies operate real agencies in sectors equivalent to AI knowledge centers, structured finance, and cloud infrastructure.
They when compared the proposed therapy of bitcoin to assorted sources, noting that vitality companies with colossal oil reserves or gold miners are no longer excluded from indexes.
The firm also cited market volatility, derivatives exposure, and accounting differences as factors that could presumably accomplish index inclusion unpredictable.
Strive warned that strict strategies could presumably power innovation in a foreign nation, giving global companies a aggressive earnings.
MSCI plans to sigh its resolution on January 15, 2026. Strive’s intervention reinforces the broader alternate name for operations-based mostly mostly classification, asset-class neutrality, and fine therapy of companies preserving major bitcoin as a part of their treasury approach.
MSCI could presumably exclude Approach
Per chance the company most stricken by this could presumably be Approach, the tech- and Bitcoin-focused draw company notorious for its dauntless Bitcoin reserve approach. Approach and Chairman Michael Saylor currently pushed support in opposition to concerns that MSCI could presumably exclude the company from significant equity indices, which analysts warn could presumably place off billions in passive outflows.
Saylor emphasised that Approach shouldn’t be any longer a fund or preserving company however an working alternate with a $500 million draw division and a $7.7 billion Bitcoin-backed credit program.
He highlighted merchandise love Stretch ($STRC), a Bitcoin-backed credit instrument, and careworn that Approach actively creates, structures, and operates monetary merchandise rather then passively preserving sources.
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This put up Bitcoin Coalition Pushes Succor In opposition to MSCI Proposal Focusing on Bitcoin-Heavy Firms first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
