Bitcoin for Enterprise unites a whole bunch of buyers with Vivek Ramaswamy’s Try, the world’s largest Bitcoin treasury, to oppose proposed index adjustments

Nashville, Tennessee, USA December 16, 2025 NASHVILLE, Tenn., December 16, 2025 – Bitcoin for Enterprise (BFC), together with member corporations and different affected public establishments, as we speak introduced that greater than 1,000 corporations have signed a coalition opposing MSCI’s proposed 50% digital asset exclusion.

The coalition contains Technique (MSTR), the world’s first and largest Bitcoin treasury firm, led by Government Chairman Michael Saylor. Try Asset Administration (ASST) was co-founded by Vivek Ramaswamy and the world’s 14th largest Bitcoin holder. Metaplanet (TYO: 3350), Japan’s main Bitcoin monetary firm. and a whole bunch of particular person and institutional buyers who depend on impartial market benchmarks.

Underneath MSCI’s proposal, publicly traded corporations could be excluded from the MSCI World Investable Market Index if digital property account for 50% or extra of their whole property and their major enterprise is characterised as digital asset financing actions. The rule applies solely to digital property and doesn’t apply to corporations with concentrated publicity to actual property, commodities or money.

“MSCI has lengthy outlined corporations by what they do – their merchandise, clients and income – relatively than a single steadiness sheet asset,” stated George Mehail, Managing Director of Bitcoin for Enterprises. “The breadth of this coalition, from Technique to Try to Metaplanet to a whole bunch of particular person buyers, exhibits how misguided this proposal is. Shareholder-approved monetary methods shouldn’t erase an organization from international fairness benchmarks.”

Technique: DAT is an working firm, not an funding fund

In a proper submission to MSCI, Technique stated the proposal was “misguided” and that the 50% threshold was “discriminatory, arbitrary and unenforceable.” The letter, signed by Michael Saylor and CEO Von Leh, emphasised that the digital asset treasury agency shouldn’t be a passive funding car, however operates a enterprise that actively makes use of Bitcoin to generate shareholder returns.

The technique’s submitting emphasised that prime asset focus was by no means a motive for index exclusion. REITs, oil producers, and timber corporations have lengthy maintained concentrated steadiness sheets whereas remaining eligible for inclusion within the MSCI index. The corporate warned that making use of the “fund-like” label solely to digital asset vaults would break many years of precedent.

Try: Proposal violates index neutrality

Try Asset Administration submitted a seven-page letter to MSCI CEO Henry Fernandez warning that the proposal violates “the long-established precept of index neutrality.” Try, who owns greater than 7,500 BTC, argued that indexes ought to replicate market actuality relatively than imposing subjective judgment on monetary methods.

Ben Workman, chief funding officer at Try, warned that the rule would “drawback the U.S. market in favor of worldwide markets” on account of variations in accounting between U.S. GAAP and IFRS. The agency requested MSCI to supply an non-compulsory “ex-digital asset authorities bond” index variant just like present screens for vitality and tobacco, relatively than redefining broad benchmark eligibility.

what’s the downside

JPMorgan analysts estimate that elimination from the MSCI index might trigger as much as $2.8 billion in passive outflows for the technique alone. If different index suppliers comply with swimsuit, whole outflows might attain $8.8 billion. Past the direct impression on markets, the coalition warns that exclusion might hinder capital formation and innovation on the very second main economies are competing for management in digital asset know-how.

Formal request of the Union

Bitcoin for Enterprise and its member corporations have formally requested the next from MSCI:

1. withdraw Proposed ≥50% Digital Asset Exclusion.
2. save Operational-based definition of “principal enterprise.”
3. adhere to Compliance with regulatory requirements that distinguish between working corporations and funding funds.
4. Keep asset class neutrality In index development. and
5. have interaction Have interaction with market members based mostly on a classification framework tailor-made to what you are promoting.

Organizations and particular person buyers can view the total coalition place paper and add their signatures at http://msci.bitcoinforcorporations.com/.

MSCI’s session ends on 31 December 2025. A ultimate choice is anticipated on January 15, 2026.

Sources>

Coalition petition: msci.bitcoinforcorporations.com

Technique Letter to MSCI: View PDF

Try’s letter to MSCI: spire.com

About Bitcoin for companies

Bitcoin for Companies (BFC) is an business initiative that brings collectively public corporations, company treasurers, and institutional buyers to speed up the accountable adoption of Bitcoin and digital property by companies. BFC advocates for impartial market infrastructure and equal therapy of digital asset treasury methods throughout the international monetary system.