Michael Saylor’s Strategy is working to keep its MSTR stock included in the MSCI World Index, as the index provider considers removing companies with large bitcoin treasuries.
Strategy’s efforts to stay in MSCI
After joining the MSCI World Index in May 2024, Strategy’s MSTR stock now faces a potential exclusion following consultations on digital asset treasury (DAT) companies.
Saylor addressed the situation, stating:
“We’re engaging in that process.”
He also questioned JPMorgan’s estimate that removal from the MSCI could lead to $2.8 billion in outflows.
Background on MSCI World index
The MSCI World Index tracks over 1,300 large and mid-cap firms across 23 developed markets, including tech leaders like Nvidia and Apple.
Strategy entered the index three years after adopting its bitcoin DAT strategy, by which time it had accumulated 214,000 BTC.
As of 2025, the firm’s bitcoin holdings have grown to a symbolic 650,000 BTC, though its 2025 targets have been reduced amid declining prices.
DAT sector faces volatility
The DAT sector, which also includes firms like Japan’s Metaplanet, saw a surge in July 2025, but has since struggled with stock price declines.
By October, Metaplanet’s enterprise value fell below its bitcoin holdings, highlighting sector-wide challenges.
Saylor addressed the volatility of DAT equities, noting:
“If Bitcoin falls 30%, 40% then the equity is going to fall more, because the equity is built to fall.”
Strategy adapts amid market changes
This week, Strategy launched a $1.44 billion USD reserve to support dividend payments and manage debt.
Despite the bitcoin price dropping below $90,000, the company continues to accumulate bitcoin, even as it lowers its key 2025 performance targets.
