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MicroStrategy CEO Slams MSCI Crypto Exclusion Proposal as Immaterial

Benzinga Read original source (opens in a new tab)
The Story

News Summary

  • MicroStrategy CEO Phong Le criticized MSCI's proposed rule change that could exclude Bitcoin treasury companies from benchmark indexes.
  • Le downplayed the threat, stating MSCI represents only 3% to 4% of shares and that any resulting institutional selling pressure would be immaterial to the company.
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