The Bitcoin community grew angry after Bitcoin news broke that MSCI (formerly Morgan Stanley Capital International), a major index provider, plans to drop crypto treasury companies from its indexes starting January 2026. Since the news broke, Michael Saylor, CEO of Strategy, has finally come out with his response against the proposed MSCI policy change.
“Strategy is not a fund, not a trust, and not a holding company,” said Saylor on November 24.
“Funds and trusts passively hold assets. Holding companies sit on investments. We create, structure, issue, and operate,” the CEO explained, describing Strategy as a “Bitcoin‑backed structured finance company.”
Response to MSCI Index Matter
Strategy is not a fund, not a trust, and not a holding company. We’re a publicly traded operating company with a $500 million software business and a unique treasury strategy that uses Bitcoin as productive capital.
This year alone, we’ve completed…
— Michael Saylor (@saylor) November 21, 2025
Strategy was included in the Nasdaq 100 in December last year. For the uninitiated, the Nasdaq 100 is an index made up of the 100 biggest companies. The inclusion came with its perks. Strategy saw a steady inflow of investments from funds and investors who automatically buy into the index.
Per the proposed MSCI rules, any treasury company with more than half of its balance sheet in crypto will be automatically cut off from the index. Now, that will leave treasury companies with only two options, i.e., either cut back on crypto holdings to stay under the limit, or lose the automatic investment flows tied to index inclusion.
The enemy has a name: it's the Banking system.
Take a look at the chart of JPM since the great financial crisis. It's been STRAIGHT UP for the last 15 years.
JP Morgan has been consolidating its power as the head of the Banking Crime syndicate through both Obama terms, Trump… pic.twitter.com/YisF732oa5
— Fred Krueger (@dotkrueger) November 22, 2025
This is still a possible maneuver for treasury companies that have diversified holdings, including both traditional equities and crypto. However, for DATs or Digital Asset Treasuries holding mostly crypto, such as Strategy or MetaPlanet, this is a death sentence, as they will need to totally pivot from the DATs strategy if they want to survive.
EXPLORE: Next 1000X Crypto – Here’s 10+ Crypto Tokens That Can Hit 1000x This Year
Bitcoin News: BTC USD Price Dump Incoming? Analyst Predicts -50% Bitcoin Crash
Prominent crypto analyst Ted Pillows has warned that BTC might shed more of its value in the near future. Per the analyst, BTC has closed its second weekly candle below its 50-day EMA (Exponential Moving Average).
In both 2018 and 2022, this same setup led to a -50% drop in its price action. The only scenario where BTC USD price doesn’t dump is if its traditional four-year cycle is dead.
$BTC is about to close its 2nd consecutive weekly candle below the EMA-50 level.
In 2018 and 2022, this resulted in another 50% dump.
The only way Bitcoin won't dump is if the 4-year cycle is dead. pic.twitter.com/TNr4vm35uq
— Ted (@TedPillows) November 23, 2025
At the moment, BTC USD price action has recovered somewhat. Currently trading at after dumping to $83,000 last week, it is up by +1.77% since the last 24 hours.
However, as analysts on X have pointed out, the dump isn’t finished. The daily chart is still showing a strong block between $70,000 and $65,000.
BITCOIN 🚨 📢 🚨
The dump isn't over for everyone getting excited about a 2% pump. The daily chart is still holding an order block around the $70,000 – $65,000 range. Don't fall for the fake-out. It will continue to dump this week. pic.twitter.com/SUMNET7pX4
— WALL STREET 911 (@RaulGar79543407) November 24, 2025
The current uptick is most likely a fake out, and BTC might be dumping or consolidating for the rest of the week.
EXPLORE: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025
HYPER Supercharges DeFi on Bitcoin: Shoots Past $28M In New Layer 2 ICO
Bitcoin Hyper traders aren’t here to pore over their sheets of fundamentals. They are here for the vibes, volatility, and outsized gains.
It is doing what the original coin never could: smart contracts, DeFi rails, NFT support, and incredibly fast finality. And the degens know all about it.
If you‘re considering getting in on the BTC Hyper action, the presale has just crossed $28.36 million and is still going strong, with one day left to go before the presale ends.
Join the Bitcoin Hyper presale by buying HYPER directly from its official website. Simply connect your wallet and make payments in SOL, ETH, USDT, USDC, BNB, and even with a credit card.
In case you’re looking for a wallet or don’t have one, consider trying out Best Wallet, one of the best crypto and Bitcoin wallets available.
To stay in the loop, follow Bitcoin Hyper on Telegram and X
Visit Bitcoin Hyper PRESALE HereEXPLORE: The 12+ Hottest Crypto Presales to Buy Right Now
Key Takeaways
- MSCI broke the news that it plans to delist crypto treasury firms, sparking backlash from the Bitcoin community
- Michael Saylor defended Strategy, calling it a “Bitcoin-Backed Structured Finance Company.”
- Analyst Ted Pillows warned that BTC could drop 50% if its four-year cycle pattern holds
Why you can trust 99Bitcoins
Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.
Weekly Research
100k+Monthly readers
Expert contributors
2000+Crypto Projects Reviewed
