Inventory market index MSCI’s proposed exclusion of corporations holding greater than 50% of their crypto on their steadiness sheets can be akin to pushing out multinational power corporations like Chevron for holding oil, argues Technique CEO Phong Le.
The MSCI Index introduced in October that it was consulting with the funding group about whether or not to exclude Bitcoin and different digital asset treasury corporations (DATs) which have the vast majority of their steadiness sheet in crypto.
Throughout an interview with the Schwab Community on Wednesday, a streaming and market-analysis channel, Le stated that he has “loads of respect for the indexes,” however stated the MSCI’s stance is “misinformed and misguided.”
He additionally stated that oil big Chevron has greater than half of its belongings in oil, timberland firm Weyerhaeuser has a good portion of its belongings in wooden, and Simon Property Group owns a considerable a part of its belongings in actual property, and none of them are dealing with exclusion.
Phong Le joined @SchwabNetwork to debate the $60T digital credit score alternative and response to MSCI. Proscribing passive index funding in bitcoin as we speak can be like proscribing funding in oil and oil rigs within the 1900s, spectrum and cell towers within the Eighties, or compute and… pic.twitter.com/3VcYnF5nE4
— Technique (@Technique) December 10, 2025
“It appears very early to select winners and choosers and stifle innovation in a class like this,” Le stated.
“This might be like within the Eighties, saying the telecom firm shouldn’t have constructed out cell towers and spectrum, or three years in the past, saying AI corporations shouldn’t be investing in LL labs and high-performance compute.”
MSCI’s stance is a mischaracterization: Technique CEO
Le stated that different elements of the MSCI proposal, reminiscent of characterizing Technique and different digital asset corporations as funds quite than working corporations, are additionally a mistake.
A number of the suggestions to the proposal to date has been that DATs can “exhibit traits much like funding funds, that are at the moment not eligible for index inclusion,” in line with the MSCI.
“I’ve been CFO since 2015, Michael Saylor based the corporate in 1989, we’ve been public since 1998, I work right here day after day, and we’re 100% an working firm legally from a company construction,” Le stated.
Technique letter says MSCI proposal isn’t impartial
Le’s feedback come on the identical day as Technique launched its letter to MSCI, pushing again on the proposal on the grounds that it could bias the MSCI towards crypto as an asset class, quite than the index firm appearing as a impartial arbiter.
Associated: Technique’s Bitcoin treasury swells previous 660,000 BTC after contemporary $962M purchase
The MSCI session is open till Dec. 31, with the conclusion to be made public on Jan. 15 subsequent yr, and any ensuing modifications coming into pressure throughout February.
Charlie Sherry, the top of finance at Australian crypto trade BTC Markets, instructed Cointelegraph final month that the MSCI solely places modifications like this into session after they’re already leaning towards implementation.
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