Strategy founder Michael Saylor said MSCI's potential removal of MSTR under new index rules would set a bad precedent for the industry. Saylor said the move would not matter much to Strategy, but Saylor expressed disappointment with MSCI's stance and hoped MSCI would reconsider. Saylor argued that treating bitcoin differently from other forms of capital reflects bias against digital assets. Saylor also argued that Strategy is an operating enterprise because Strategy uses bitcoin to support digital credit products.