Strategy just fired back at MSCI's latest move. The firm formally opposed a proposal that would kick digital asset treasury companies out of major global market indexes.

Their argument? These aren't just crypto holders—they're legit operating businesses. Strategy called out the proposed 50% digital-asset threshold as completely random, lacking any real logic. They're saying MSCI's trying to draw lines where none should exist.

The pushback highlights a bigger fight brewing: how traditional finance wants to classify companies holding significant crypto on their balance sheets. If MSCI pushes this through, it could reshape how institutional money flows into crypto-forward corporations.

Strategy's making it clear they won't let their treasury strategy get penalized without a fight.