Share this article
Michael Saylor Speaks Out Again as MSCI Concerns Mount
JPMorgan warning on potential MSCI exclusion sparks fresh pressure, prompting another public response from the executive chairman.
Updated Nov 21, 2025, 4:10 p.m. Published Nov 21, 2025, 4:10 p.m.
What to know:
- JPMorgan warns an MSCI decision could force Strategy out of major equity indices, adding pressure to the stock.
- Michael Saylor insists Strategy is an operating company with a substantial software business, not a passive bitcoin vehicle.
- Saylor highlights $7.7 billion in digital credit offerings this year, arguing no fund or trust could replicate the companys structure or strategy.
As Strategy’s (MSTR) share price continues to slide, executive chairman Michael Saylor has felt compelled to address growing investor concern for the second time in two weeks.
Last Friday, Saylor dismissed rumours that the company was selling bitcoin, stating there was “no truth to the rumour.”
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Meanwhile, on Thursday, market nerves were hit again after JPMorgan warned that an upcoming MSCI decision could force MSTR out of major equity indices, potentially triggering further downside volatility.
Saylor responded once more on X, defending the company’s status within the MSCI framework and stressing that Strategy is a publicly traded operating company with a roughly $500 million software business at its core.
“Strategy is not a fund, not a trust, and not a holding company. We are a publicly traded operating company with a $500 million software business and a unique treasury strategy that uses bitcoin as productive capital,” Saylor said.
Saylor argued that while funds and trusts passively hold assets, Strategy is actively creating, structuring and issuing products, positioning the company as a new type of bitcoin backed structured finance enterprise.
“This year alone, we have completed five public offerings of digital credit securities, STRK, STRF, STRD, STRC and STRE, representing more than $7.7 billion in notional value,” Saylor added.
Saylor concluded that no passive vehicle or holding company could replicate what Strategy has built.
MSTR shares are down another 3% on Friday, trading near $171.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Trump’s Security Strategy: Impact on Bitcoin, Gold, Bond Yields
The White House's new National Security Strategy emphasizes increased global fiscal expansion and military spending.
What to know:
- The White House's new National Security Strategy emphasizes increased global fiscal expansion and military spending.
- NATO allies are urged to raise defense spending to 5% of GDP, significantly higher than the previous 2% mandate.
- Heightened government borrowing could lead to higher bond yields and inflation, complicating interest rate cuts.
Top Stories
