Rebecca Cruz Michael Saylor’s Strategy is actively engaging with MSCI to prevent exclusion from its global indexes as debates rise over Bitcoin-heavy firms’ volatility and valuation risks.
Strategy pushes back as MSCI weighs Bitcoin-linked exclusions
Michael Saylor’s Strategy has begun a direct dialogue with MSCI as the global index provider reviews whether to remove digital asset treasuries from its benchmark indexes. The company’s stock, MSTR, became part of the MSCI World Index in 2024 when Bitcoin momentum fueled its market surge. Now, with the MSCI consultation underway, Strategy is determined to maintain its inclusion despite growing scrutiny over firms heavily tied to Bitcoin price movements.
The focus keyword Michael Saylor’s Strategy has dominated headlines since the firm transformed its balance sheet into a Bitcoin-centric model, amassing a colossal 650,000 BTC. This unprecedented scale of crypto exposure has turned MSTR into a proxy for Bitcoin itself, blurring the lines between a corporate equity and a digital asset holding company.
In a recent interview, Saylor confirmed that the company is actively engaging with MSCI to clarify its position. He did not endorse claims from some analysts suggesting that exclusion could spark billions in passive fund outflows. “We’re engaging in that process,” he remarked, emphasizing the firm’s intent to participate constructively as the consultation continues.
What exclusion could mean for Strategy and Bitcoin
The potential removal of MSTR from MSCI indexes could have far-reaching implications for both institutional investors and the broader crypto equity landscape. The MSCI World Index, which tracks over 1,300 large and mid-cap firms across 23 developed markets, serves as a benchmark for trillions of dollars in managed assets. Inclusion or exclusion from the index can directly affect investor allocations, particularly for exchange-traded funds and mutual funds linked to MSCI benchmarks.
When Michael Saylor’s Strategy entered the MSCI World Index in May 2024, it ranked among the top three largest new additions. The move was seen as validation of Bitcoin’s growing role in mainstream finance. Yet as digital asset treasuries experience renewed volatility, the conversation has shifted toward whether such companies carry excessive risk for diversified equity indexes.
For MSCI, the decision balances between investor protection and innovation. Strategy’s stock performance, which tends to move in amplified correlation with Bitcoin, has been both a strength and a vulnerability. As Bitcoin’s price dropped below $90,000 in late 2025, MSTR mirrored the decline with steep losses, raising questions about its suitability within broad-market indexes traditionally built on diversified exposure.
Michael Saylor’s Strategy doubles down on Bitcoin and stability
Despite the turbulence, Michael Saylor’s Strategy is not retreating from its Bitcoin strategy. The company recently announced that it has expanded its holdings to a symbolic total of 650,000 BTC, further cementing its identity as the world’s largest corporate Bitcoin holder. Alongside this, it established a $1.44 billion reserve in US dollars to ensure dividend and interest payments across its preferred stock and outstanding debt.
This combination of aggressive accumulation and fiscal prudence underscores Saylor’s long-term conviction that Bitcoin remains the ultimate store of value. His view is that volatility is inherent to the asset, and by extension, to the equity of companies structured around it. “If Bitcoin falls 30% or 40%, the equity is going to fall more,” he reportedly said at a recent crypto forum in Dubai, reiterating that Strategy’s model is intentionally leveraged to Bitcoin’s price cycle.
The broader digital asset treasury sector, however, has not been immune to pressure. Japanese Bitcoin-holding firm Metaplanet saw its enterprise value fall below its BTC reserves, signaling potential systemic strain in the space. With MSCI’s consultation open until the end of December 2025 and results expected by mid-January 2026, the decision could redefine how traditional finance indexes interact with Bitcoin-heavy corporate structures.
Institutional integration or separation? The MSCI crossroads
At stake is more than just Michael Saylor’s Strategy’s place in the MSCI World Index. The outcome will test how far global finance is willing to integrate Bitcoin into conventional investment frameworks. Supporters argue that Bitcoin-exposed equities offer a new layer of diversification and innovation within global portfolios. Critics counter that their high correlation with crypto markets undermines the stability MSCI benchmarks aim to reflect.
For Strategy, staying in the index would preserve access to institutional capital and affirm Bitcoin’s status as a legitimate corporate reserve asset. For MSCI, the review could set a precedent that shapes the treatment of crypto-aligned firms across its global products.
As the consultation unfolds, Saylor’s confidence remains undented. His firm continues to operate as both a technology company and a Bitcoin treasury, merging two worlds that financial institutions are still learning to reconcile. Whether MSCI ultimately includes or excludes it, the conversation itself underscores how Michael Saylor’s Strategy has become a central test case in Bitcoin’s integration with traditional capital markets.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards.
