MSCI’s Bitcoin snub is like penalizing Chevron for oil: Strategy CEO

The MSCI Index is consulting on whether to exclude Bitcoin and other digital asset treasury companies that have a balance sheet with more than 50% of their assets in crypto.

Strategy CEO Phong Le argues that stock market index MSCI’s proposal to exclude companies holding more than 50% of their assets in crypto would be like removing energy giants, such as Chevron, from an index simply for holding oil.

The MSCI Index announced in October that it was consulting with the investment community about whether to exclude Bitcoin (BTC) and other digital asset treasury companies (DATs) that have the majority of their balance sheet in crypto. 

During an interview with the Schwab Network on Wednesday, a streaming and market-analysis channel, Le said that he has “a lot of respect for the indexes,” but said the MSCI’s stance is “misinformed and misguided.”

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