Michael Saylor responds to MSCI's potential removal of Strategy risk: Index classification does not define us.

On November 21, Michael Saylor posted a response to the risk that global financial index company MSCI may exclude Strategy (MSTR) from its stock index: Strategy is not a fund, not a trust, and not a holding company, but a publicly traded operating company with a $500 million software business, executing a unique treasury strategy—using Bitcoin as productive capital. This year alone, five public issuances of digital credit securities have been completed—STRK, STRF, STRD, TRC, and STRE—with a total notional value exceeding $7.7 billion. Stretch (STRC) has also been launched, which is a revolutionary Bitcoin-backed treasury credit instrument that provides variable monthly dollar yields for both institutional and retail investors, whereas funds and trusts merely passively hold assets. Strategy is the creator, structurer, issuer, and operator. The team is building a brand new corporate form—a structured finance company backed by Bitcoin that can continuously innovate in both the capital market and software sectors. No passive investment vehicle or holding company can do what we are doing. Index classification does not define us. Strategy's strategy is long-term, with unwavering faith in Bitcoin and a mission that has never changed: to create the world's first digital currency institution based on sound money and financial innovation.