Strive Calls on MSCI to Let Market Decide on Bitcoin Treasury Firms
Strive, holding over 7,500 BTC, urged MSCI CEO Henry Fernandez to maintain index neutrality by retaining Bitcoin-heavy firms in key benchmarks.
BTC
Summary
Nasdaq-listed asset manager Strive issued an official letter to MSCI CEO Henry Fernandez opposing the removal of companies with substantial Bitcoin holdings from MSCI indexes, citing concerns over market neutrality. Strive holds more than 7,500 BTC, placing it among the top 20 public company Bitcoin owners. The firm argued that exclusion based on treasury composition undermines the principle that index composition should be determined by market forces rather than discretionary criteria.
Terms & Concepts
- Bitcoin Treasury: A practice where companies hold Bitcoin in their corporate reserves as part of their financial strategy.
- MSCI: A global index provider offering investment decision support tools, including stock indexes covering international markets.