Strategy Responds to MSCI's Proposal to Exclude Bitcoin Treasury Companies On August 17, during Strategy's Q2 2026 Investor Q&A session, CEO Phong Le @phongle addressed MSCI's proposal to exclude Bitcoin treasury companies from its indexes.He said that even if Strategy were ultimately removed, MSCI-indexed holdings account for only around 3% to 4% of the company's outstanding shares. While the exclusion could create some short-term selling pressure, he believes the overall impact would be limited.He also argued that the proposed adjustment is inconsistent with the direction of the SEC, FASB, and current accounting treatment practices. Strategy will once again submit a formal response to MSCI, hoping that the index provider will ultimately decide not to proceed with the latest rule changes.