Michael Saylor pushed again on current reviews warning that Technique may face billions in passive outflows if MSCI excludes the corporate from main fairness indices.
In a press release on X, Saylor mentioned that Technique is “not a fund, not a belief, and never a holding firm.” He described the agency as a publicly traded working firm with a $500 million software program enterprise and a singular treasury technique that makes use of Bitcoin as productive capital.
Saylor highlighted the corporate’s current exercise, together with 5 public choices of digital credit score securities — $STRK, $STRF, $STRD, $STRC, and $STRE — representing over $7.7 billion in notional worth.
He additionally pointed to Stretch ($STRC), a Bitcoin-backed credit score instrument that provides variable month-to-month USD yields to institutional and retail traders.
“Funds and trusts passively maintain property. Holding firms sit on investments. We create, construction, problem, and function,” Saylor wrote. “No passive car or holding firm may do what we’re doing.”
He described Technique as a brand new form of enterprise: a Bitcoin-backed structured finance firm innovating in each capital markets and software program.
Saylor added that index classification doesn’t outline the corporate. “Our technique is long-term, our conviction in Bitcoin is unwavering, and our mission stays unchanged: to construct the world’s first digital financial establishment on a basis of sound cash and monetary innovation.”
Will Technique get faraway from Nasdaq 100?
The assertion comes as JPMorgan analysts warned that MSCI’s potential exclusion of Technique from main indices may set off $2.8 billion in outflows, rising to $8.8 billion if different index suppliers observe.
Technique’s market cap sits round $59 billion, with practically $9 billion held in passive index-tracking autos. Analysts mentioned any exclusion may enhance promoting strain, widen funding spreads, and scale back buying and selling liquidity.
Technique’s inclusion in indices such because the Nasdaq 100, MSCI USA, and MSCI World has lengthy helped channel the Bitcoin commerce into mainstream portfolios. Nevertheless, MSCI is reportedly evaluating whether or not firms with massive digital-asset holdings ought to stay in conventional fairness benchmarks.
Market contributors more and more see digital-asset-heavy firms as nearer to funding funds, that are ineligible for index inclusion.
Regardless of all of the current bitcoin volatility and issues about potential outflows, the corporate continues to pursue its long-term imaginative and prescient of a Bitcoin-backed monetary enterprise, aiming to create new monetary merchandise and a digitally native financial establishment.
On October 10, bitcoin and the broader crypto market crashed. Some imagine it was as a result of Trump threatened tariffs on China, however some contend that the broader crash was triggered when MSCI introduced it was reviewing whether or not firms that maintain crypto as a core enterprise, like MSTR, must be categorized as “funds” somewhat than working firms. Some contend that ‘good cash’ anticipated this threat instantly after MSCI’s announcement, resulting in the sharp market drop, with the end result now hinging on MSCI’s January 15, 2026 choice.
Trillions of {dollars} in Bitcoin
Earlier this yr in an interview with Bitcoin Journal, Saylor outlined an bold imaginative and prescient to construct a trillion-dollar Bitcoin steadiness sheet, utilizing it as a basis to reshape international finance.
He envisions accumulating $1 trillion in Bitcoin and rising it 20–30% yearly, leveraging long-term appreciation to create a large retailer of digital collateral.
From this base, Saylor plans to problem Bitcoin-backed credit score at yields considerably greater than conventional fiat methods, probably 2–4% above company or sovereign debt, providing safer, over-collateralized options.
He anticipates this might revitalize credit score markets, fairness indexes, and company steadiness sheets whereas creating new monetary merchandise, together with higher-yield financial savings accounts, cash market funds, and insurance coverage providers denominated in Bitcoin.
On the time of writing, Bitcoin is experiencing excessive ranges of promote strain and its worth is dipping close to the $80,000 vary. Bitcoin’s all-time excessive got here solely six weeks in the past when it hit costs above $126,000.
Technique’s inventory, $MSTR, is buying and selling at $167.95 down over 5% on the day and over 15% during the last 5 buying and selling days.
