Aave executive says Strategy Bitcoin sales may be tied to index inclusion requirements
Luigi said selling Bitcoin could amount to a "psychological war" aimed at meeting index eligibility rules, reviving focus on Strategy’s efforts to qualify for major equity benchmarks.
Aave Chief Strategy & Business Officer Luigi said Strategy’s sale of Bitcoin is essentially a "psychological war" designed to satisfy requirements linked to index inclusion. He argued that many investors have not recognized that motive. The remarks, posted on X on June 7, add a new angle to market scrutiny of Strategy’s Bitcoin treasury strategy and its relationship to benchmark eligibility. The comments come after MSCI decided in January not to implement a proposal that would have excluded digital asset reserve companies from MSCI indexes during its February index review. They also echo earlier ambitions around broader benchmark inclusion: Strategy founder Michael Saylor said in September 2025 that he was confident MSTR could be added to the S&P 500 index.
- index inclusion: The process by which a company becomes part of a stock market index, often based on eligibility rules.
- MSCI indexes: A family of stock market benchmarks published by MSCI and widely used by investors.
- digital asset reserve companies: Companies that hold substantial digital assets on their balance sheets as part of their treasury strategy.