Strategy致信MSCI反对将其排除在指数外
Strategy Opposes MSCI Proposal, Says Bitcoin Treasury Firms Are Being Targeted a Second Time
机构对核心指数编制规则的公开博弈直接影响被动资金流向，建议关注后续MSCI规则落地情况。
Bitcoin Magazine
Bitcoin Magazine
Strategy Opposes MSCI Proposal, Says Bitcoin Treasury Firms Are Being Targeted a Second Time
Strategy反对MSCI提案，称比特币金库公司正遭到第二次针对
Bitcoin treasury Strategy has blasted Morgan Stanley Capital International’s proposal to exclude it from its Global Investable Market Indexes, calling it “misguided” and “flawed.”
比特币金库策略公司猛烈抨击摩根士丹利资本国际（Morgan Stanley Capital International）将其排除在全球可投资市场指数之外的提案，称其“ misguided ”且“ flawed ”。
Writing in a letter to MSCI Monday, the Nasdaq-listed Bitcoin behemoth’s founder, Michael Saylor, and CEO, Phong Le, said that the company was discriminating against digital asset businesses.
在周一致信MSCI的一封信中，这家纳斯达克上市的比特币巨头的创始人迈克尔·塞勒（Michael Saylor）和首席执行官冯乐（Phong Le）表示，该公司正在对数字资产企业实行歧视。
MSCI said earlier this month that it was consulting on a plan to define “non-operating companies” and make them ineligible for its Global Investable Market Indexes. The removal of such companies would exclude firms like Strategy from indexes visible to a large pool of institutional investors.
MSCI本月早些时候表示，它正在就一项计划进行咨询，该计划旨在定义“非运营公司”并使其不符合其全球可投资市场指数的资格。此类公司的移除将使像Strategy这样的公司被排除在大量机构投资者可见的指数之外。
Strategy responded today to MSCI’s proposed “non-operating company” exclusion. While not material to $MSTR, the proposal is misguided, flawed, and conflicts with established securities laws and accounting principles. Read our letter and share your support: https://t.co/Vup3T5TbvY
Strategy今天回应了MSCI提出的“非运营公司”排除方案。虽然这对$MSTR来说并不重要，但该提案是误导性的、有缺陷的，并且与既定的证券法和会计原则相冲突。阅读我们的信件并分享你的支持：https://t.co/Vup3T5TbvY
— Strategy (@Strategy) August 31, 2026
— Strategy (@Strategy) 2026年8月31日
MSCI’s latest proposal comes after the company in 2025 proposed excluding from its indices all companies whose digital-asset holdings represent 50% or more of total assets.
MSCI的最新提案是在该公司2025年提出将所有数字资产持有量占总资产50%或以上的公司从其指数中剔除之后作出的。
“MSCI’s continued effort to discriminate against digital assets is misguided and calls into question MSCI’s neutrality and reliability,” Strategy’s letter read.
“MSCI持续努力歧视数字资产是误导性的，并引发了对MSCI中立性和可靠性的质疑，”Strategy的信函写道。
It added: “The proposal, like the 2025 proposal that MSCI withdrew, is discriminatory, arbitrary, and misguided. If adopted, the proposal would have no meaningful impact on Strategy’s business, but it would profoundly harm MSCI’s reputation as a reliable and neutral index provider. Like the 2025 proposal, the current proposal should be withdrawn.”
它补充道：“该提案，就像MSCI撤回的2025年提案一样，具有歧视性、武断性和误导性。如果通过，该提案将对Strategy的业务产生没有实质意义的影响，但会严重损害MSCI作为可靠和中立的指数提供商的声誉。与2025年的提案一样，当前的提案应该被撤回。”
Strategy argued that MSCI was relying on unprecedented classifications to define Bitcoin as a “non-operating” asset. Strategy said it reports its Bitcoin business as an operating segment and its Bitcoin gains and losses as operating expenses.
Strategy认为，MSCI依靠前所未有的分类将比特币定义为“非运营”资产。Strategy表示，它将比特币业务报告为运营部门，并将比特币的收益和损失列为运营费用。
The company said that MSCI’s methodology for targeting “non-operating companies” was “arbitrary and unexplained,” and was just a way of unfairly targeting digital asset treasuries.
该公司表示，MSCI针对“非运营公司”的方法论是“武断且未加解释的”，这只不过是一种不公平地针对数字资产金库的方式。
Strategy further argued that the company is an operating one, employing 1,500 people across the globe and actively using its Bitcoin to “create shareholder value.”
Strategy进一步辩称，该公司是一家运营中的企业，在全球雇佣了1,500名员工，并积极使用其比特币来“创造股东价值”。
Strategy — formerly MicroStrategy — is an enterprise software company that pivoted to buying and holding bitcoin in 2020. It first bought the cryptocurrency to protect shareholders but has since aggressively bought the asset and is now the largest corporate holder of the cryptocurrency, with 845,050 bitcoins worth $65.8 billion at today’s prices.
Strategy——前身为 MicroStrategy——是一家企业软件公司，于 2020 年转型为购买并持有比特币。该公司最初购买加密货币是为了保护股东利益，但此后积极购入该资产，如今已成为最大的企业级加密货币持有者，持有 845,050 枚比特币，按今日价格计算价值 658 亿美元。
Investors can buy Strategy’s Nasdaq-listed stock (MSTR) to get heightened exposure to bitcoin’s performance.
投资者可以购买在纳斯达克上市的 Strategy 股票（MSTR），以获得对比特币表现的更高敞口。
MSTR closed Monday trading 4% higher. Year-to-date, the stock is down 15%.
MSTR 周一收盘上涨 4%。年初至今，该股下跌 15%。
This post Strategy Opposes MSCI Proposal, Says Bitcoin Treasury Firms Are Being Targeted a Second Time first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.
本文《Strategy 反对 MSCI 提案，称比特币金库公司正遭到二次针对》首发于 Bitcoin Magazine，由 Mathew Di Salvo 撰写。
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