Reaction from Strategy CEO to MSCI decision: "The real problem is different"

The decision to remove Strategy, the world's largest institutional Bitcoin investor, from MSCI indices continues to be discussed.

The company's CEO, Phong Le, reacted to MSCI's decision in an interview with CNBC. Le argued that the impact of the decision on the company would be limited, but the real problem was bigger than that.

Stating that only about 3 percent of Strategy shares are linked to MSCI indices, Le said that they do not expect their removal from the indices to have a significant impact on the company's activities.

“MSCI is trying to pick winners and losers”

According to Phong Le, the real problem is not the financial impact of Strategy's removal from the indices, but MSCI's approach towards digital assets.

Claiming that MSCI has had a negative attitude towards digital assets for years, Le argued that the institution does not see Bitcoin as an asset suitable for investment.

Le claimed that MSCI was trying to arbitrarily decide which companies would be successful in the market and which would be left out.

According to Strategy CEO, this approach means going beyond the role of an index provider in the market.

Will be removed from indices on November 30

In the index evaluation announced on November 11, MSCI announced that Strategy would be removed from the relevant stock indices. The change will go into effect at market close on November 30.

The decision may cause investment funds that follow MSCI indices to sell Strategy shares, but this does not require the company to sell Bitcoins on its balance sheet.

Strategy management, on the other hand, thinks that the impact of the decision on the company will be limited, citing the low share of stocks linked to MSCI indices in the total.