Strategy CEO Says MSCI Crypto Exclusion Akin to Cutting Oil Firms for Oil

Stock market index MSCI’s proposed exclusion of companies holding more than 50% of their crypto on their balance sheets would be akin to pushing out multinational energy companies like Chevron for holding oil, argues Strategy CEO Phong Le.

The MSCI Index announced in October that it was consulting with the investment community about whether to exclude Bitcoin and other digital asset treasury companies (DATs) that have the majority of their balance sheet in crypto. 

During an interview with the Schwab Network on Wednesday, a streaming and…