727 FinancePANews October 18 news: Michael Saylor, founder of Bitcoin treasury company Strategy, responded in an interview with Bloomberg to the possibility that MSCI's new index rules could remove MSTR, saying that the move does not matter much to Strategy because the scale of funds they control is quite small, but he is very disappointed with MSCI's stance to date. Oil, natural gas, land, and machinery all count as capital, while Bitcoin does not. This is a value judgment and is in fact a bias against digital assets. They are like unregistered financial advisors and have set a "bad precedent" for the entire industry. He hopes they will reconsider. Digital assets represent the future. MSCI may not want to participate in this future, but investors will not agree, and the United States will not agree either. If MSCI abandons the proposal to remove MSTR, it will be good for the entire industry.
Regarding the core dispute over whether Strategy is a company with actual operating business, Michael Saylor compared it with banks and insurance companies. He believes that these financial institutions sell credit and policies, while Strategy uses Bitcoin to support digital credit products. Therefore, Strategy is an operating enterprise and should be viewed like other financial companies.