Strategy CEO Says MSCI Crypto Exclusion Akin to Cutting Oil Firms for Oil

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Stock market index MSCI’s proposed exclusion of companies holding more than 50% of their crypto on their balance sheets would be akin to pushing out multinational energy companies like Chevron for holding oil, argues Strategy CEO Phong Le.

The MSCI Index announced in October that it was consulting with the investment community about whether to exclude Bitcoin 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…



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Strategy CEO Says MSCI Crypto Exclusion Akin to Cutting Oil Firms for Oil



Stock market index MSCI’s proposed exclusion of companies holding more than 50% of their crypto on their balance sheets would be akin to pushing out multinational energy companies like Chevron for holding oil, argues Strategy CEO Phong Le.

The MSCI Index announced in October that it was consulting with the investment community about whether to exclude Bitcoin 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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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