Nasdaq-listed bitcoin treasury company Strive sent a letter to the MSCI Equity Index Committee on Sept. 25, challenging part of a proposed revision tied to index exclusions for what MSCI describes as "non-operating companies." According to the report cited by Techub News, Strive said the proposal does not clearly define "operating assets," a term used as a screening standard in the revision. The company said that lack of clarity could create problems for firms whose business model centers on bitcoin as a core business asset.
Strive currently holds 26,355 BTC. It also issues products including preferred shares designed to turn bitcoin price volatility into offerings with different risk-and-return profiles. In its view, the proposed thresholds, including the ratio of operating assets, are too vague and could wrongly exclude companies such as Strive from relevant indexes. The report was attributed to CoinPost.
Nasdaq-listed bitcoin treasury company Strive sent a letter to the MSCI Equity Index Committee on Sept. 25, saying a proposed revision on index exclusions for "non-operating companies" does not clearly define "operating assets," the term used as a key screening standard.
Strive currently holds 26,355 BTC and issues products including preferred shares that convert bitcoin price volatility into instruments with different risk-and-return characteristics. The company said the proposal's standards, including the ratio of operating assets, are vague and could wrongly exclude companies like Strive that treat bitcoin as a core business asset from MSCI indexes.
The report was cited by Techub News and attributed to CoinPost.
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