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Strategy has planted a flag against MSCI’s proposal to remove digital asset treasury companies (DATs) from its Global Investable Market Indexes. According to the company, the wiser course for MSCI, for investors, and for the broader economy is for MSCI to remain neutral and let the markets decide the course of DATs. According to Cryptopolitan , MSCI argued that crypto treasury companies are more like investment funds than operating companies. However, Strategy led by Executive Chairman Michael Saylor argued that it builds Bitcoin-backed credit instruments, manages an active corporate treasury program, and maintains a global enterprise analytics software business, not a passive vehicle for tracking price movements. Investors buy the company’s strategy and management, not a static wrapper for Bitcoin. “Strategy is not an investment fund, and it does not passively hold Bitcoin. Strategy is an operating business that actively uses the Bitcoin it holds to create returns for shareholders,” the company wrote. Strategy says the proposal is discriminatory, arbitrary, and has zero positive effect The company warned that implementing the proposal’s 50% threshold is discriminatory, arbitrary, and has zero positive effect. It singles out digital asset businesses while leaving untouched companies in other industries with similarly concentrated holdings in oil, timber, gold, media and entertainment, and real estate. Additionally, Strategy stated that such a move would disrupt market stability. The leading corporate holder of Bitcoin is urging MSCI to consider DATs as operating entities that contribute to economic progress and innovation. Strategy also claimed that the proposal is believed to conflict with US policy. President Trump signed an executive order to promote the growth of digital financial technology. The administration also established a Strategic Bitcoin Reserve and promoted the inclusion of digital assets in 401(k) plans. The company also requested that MSCI provide further consultation. “MSCI should allow time for the digital asset industry and DATs to evolve and gain their footing before proposing broad-stroke rules and criteria. At a minimum, MSCI should not take such a consequential step without engaging in further consultation,” the letter read. Besides Strategy, Strive, a structured-finance company listed on Nasdaq, is fighting MSCI’s proposal to exclude Bitcoin-heavy companies from major global equity benchmarks. As reported by Cryptopolitan, the firm that holds over 7,500 Bitcoins sent a letter this week to Henry Fernandez, MSCI’s CEO, stating that the proposed exclusion would violate the “long-established principle of index neutrality.” According to analysts, Strategy could see up to $2.8 billion of its stock liquidated under MSCI’s proposal. The company was added to MSCI’s indices in May 2024 and has been included for approximately a year and a half. Strategy adds over $1 billion worth of Bitcoin in two months Strategy has continued its aggressive accumulation approach through November and December 2025. In November, the company added a total of approximately 9,062 BTC across several transactions, including a major purchase of 8,178 BTC for $835.6 million at an average price of $102,171 per coin. The company added 130 BTC for $11.7 million early this month, reaching a symbolic 650,000 BTC milestone, valued at roughly $58.5 billion at the time. The pace accelerated slightly later in the month with a blockbuster purchase of 10,624 BTC for $962.7 million between December 1 and 7 at $90,615 per coin. This brought the total holdings to 660,624 BTC, acquired for approximately $49.35 billion at an average cost of $74,696 per BTC. In a recent statement, CEO Phong Le said that Bitcoin sales are possible in extreme situations, such as a 95% price drop that would trigger margin calls. This goes against Saylor’s long-held “never sell” mantra and has led to speculation about an unimaginable fire sale of their 3% share of the total Bitcoin supply. The company’s mNAV is hovering near 1.0, and shares have dropped 50% since October. Sharpen your strategy with mentorship + daily ideas - 30 days free access to our trading program

Eric Trump's American Bitcoin Corp surpasses GameStop with a BTC reserve of 4,783, signaling strategic growth. Read original article on theccpress.com

According to a post on X by Bloomberg senior analyst Eric Balchunas, the previous Gaming ETF basket underperformed.

Strategy founder Michael Saylor responded to the initiative calling for the company to be removed from major index funds. Continue Reading: Michael Saylor Takes Action on Issue That Could Bring Disaster to Bitcoin

BCH is also trading at $591.83 following a 2.8 percent increase, and the price behavior is maintained near the $595.08 resistance area. The asset has been stable above the support of $572.13, and it is not leaving it within a thin 24-hour range. BCH has an increase of 3.1 percent...

The SEC requires US banks to follow risk and custody rules, as the OCC lets banks trade crypto directly.

Bitcoin’s reaction to FOMC decisions often conflicts with traders’ predictions. Will today’s Federal Reserve interest rate outcome lead to a rally or sell-off?

In an interview with Rug Radio, Lee said roughly 80 DATs now exist, but about 90% trade below NAV, reflecting an overcrowded market.

Bitcoin’s policy backdrop is shifting as Senator Cynthia Lummis presses to move a U.S. crypto market structure bill through the Senate within weeks. At the same time, Bitcoin price action continues to react to Federal Reserve meetings and now hovers near the average cost basis of spot ETF buyers. Lummis Says Crypto Market Structure Bill Could Move Within Weeks Senator Cynthia Lummis says the long-awaited U.S. crypto market structure bill could advance within weeks as Senate negotiators finalize the latest draft. She discussed the timeline during recent policy meetings in Washington, noting that the Banking Committee is close to completing the text after months of revisions. Lummis and Senator Kirsten Gillibrand are leading the effort to create a federal framework that defines when a digital asset falls under SEC or CFTC oversight, sets licensing standards for trading platforms and custodians, and introduces clearer rules for market conduct. They aim to align their bill with the House’s earlier market-structure package, which already passed its first chamber. Despite her optimism, the bill still must clear committee markup, move through the full Senate and then be reconciled with the House version. Negotiators are also working through remaining points with the White House. Lummis said the final text is nearly ready, but progress depends on how quickly leadership schedules the next steps. Bitcoin Has Mostly Dropped After This Year’s Fed Meetings Bitcoin has usually moved lower after Federal Reserve policy decisions this year, according to data compiled by analyst Ali Martinez. The chart compares the seven 2025 Federal Open Market Committee meetings with subsequent price action and shows that six were followed by clear corrections in the BTC/USDT pair, while only one produced a short-lived bounce. Bitcoin Price Reactions After 2025 FOMC Meetings: Source: Ali, @ali_charts On the image, shaded boxes mark the trading windows that followed each FOMC announcement. After the late-January meeting, Bitcoin fell roughly 27 percent, while the March decision preceded another slide of about 14 percent. A smaller pullback of around 7 percent followed the June meeting, and the most recent decision in late October lined up with the steepest drop on the chart, a decline of about 29 percent from the local high. The lone exception came in early May, when Bitcoin briefly rallied more than 15 percent before giving back part of the move. Taken together, the sequences underline how closely Bitcoin has traded with shifting expectations for U.S. interest rates this year, with Fed days often acting as turning points that usher in fresh volatility and downside pressure. Bitcoin Tests ETF Cost Basis as Support Meanwhile, Bitcoin has pulled back to the area where U.S. spot ETFs hold their average purchase price, according to data shared by analyst Crypto Rover using Glassnode figures. The chart plots BTC’s dollar price against the cost basis of major issuers, including BlackRock, Fidelity and Grayscale, as well as a combined “all ETFs” line. Average Cost Basis of US Spot Bitcoin ETF Deposits: Source: Crypto Rover, Glassnode The white price line shows several earlier dips in 2024 and mid-2025 that briefly undercut or met the green “all ETFs cost basis” line before Bitcoin rebounded. The latest circled move at the right edge of the chart again brings BTC down toward that aggregate entry level, while ETF cost bases remain clustered below spot, indicating the cohort is still sitting on unrealized gains. Because of this, traders now watch the ETF cost-basis region as a potential support zone. If Bitcoin continues to respect that band, it would suggest that large ETF buyers are not yet deeply under water, even after the recent correction.