MSCI

Fears that Michael Saylor’s Strategy will be forced to liquidate its Bitcoin holdings are unfounded, according to Bitwise CIO Matt Hougan. The company’s substantial cash reserves and lack of near-term debt mean it can withstand market pressure without selling until at least 2027.

Strategy, formerly MicroStrategy, is in talks with MSCI about a potential removal from its indices due to a new policy limiting crypto exposure. The move could trigger billions in outflows and impact the broader crypto market.

A JPMorgan note suggesting MSCI may exclude companies with large crypto holdings from its indexes has sparked outrage in the Bitcoin community, leading to widespread calls for a boycott. The situation escalated after Strike CEO Jack Mallers revealed his accounts with JPMorgan Chase were abruptly closed.