On December 20, Reuters reported that Strategy (MSTR.O) may soon be removed from MSCI and other major stock indices. Analysts say this move could result in the company, which holds a large amount of Bitcoin, losing up to approximately $9 billion in stock demand and weaken the attractiveness of the entire sector. In response to client inquiries, MSCI proposed in October to exclude companies with digital asset holdings accounting for 50% or more of their total assets from its global benchmark indices. MSCI considers such companies more like investment funds, which are not included in its index system. However, many related companies countered that they are engaged in actual operations and developing innovative products, and believe MSCI's proposal unfairly discriminates against the crypto industry. Additionally, dozens of companies have been inspired to include cryptocurrencies on their balance sheets in hopes of future appreciation.