Saylor Urges MSCI to Drop 'Discriminatory' Rule That Would Delete Strategy - Decrypt

In brief

Michael Saylor and CEO Phong Le asked MSCI on Monday to withdraw a proposed screen that would remove Strategy from its Global Investable Market Indexes.

The screen flags issuers on five financial ratios, and tripping four of them makes a company ineligible for inclusion.

MSCI's consultation lists UK uranium holder Yellow Cake among the three companies facing deletion, alongside Strategy and Metaplanet.

Strategy founder Michael Saylor and CEO Phong Le have asked MSCI to withdraw a proposed eligibility test that would delete the Bitcoin treasury company from the index provider's global benchmarks, in a letter published Monday.The proposal is "discriminatory, arbitrary, and misguided," the letter stated, arguing that it serves as a pretext for targeting digital asset treasuries and repackages the 50% crypto-holdings proposal MSCI declined to implement in January.