The post Bitcoin’s Strategy remains in Nasdaq 100 despite mountain of criticism over fund‑like profile appeared on BitcoinEthereumNews.com.

Bitcoin giant Strategy kept its spot in the Nasdaq 100 on Friday, holding its year-long run inside the index while debate keeps piling up over how the company operates. The firm’s entire model sits on buying and holding Bitcoin, a move that kicked off in 2020 when the old MicroStrategy name was dropped for a full pivot into digital assets. That shift now shapes everything the company does, and it has raised fresh questions from analysts who say the structure looks a lot like an investment fund. Those concerns keep spreading because shares of crypto treasury firms still react sharply to every move in the token’s price. Two things happened at once. Nasdaq confirmed that Biogen, CDW Corporation, Globalfoundries, Lululemon Athletica, On Semiconductor, and Trade Desk are leaving the benchmark. It also confirmed new additions, including Alnylam Pharmaceuticals, Ferrovial, Insmed, Monolithic Power Systems, Seagate Technology, and Western Digital. The upcoming reshuffle takes effect on December 22. The Nasdaq 100 captures the largest non-financial companies listed on the exchange, so Strategy’s position signals how large its market value has become, even with its Bitcoin-heavy balance sheet. MSCI reviews Strategy’s future in its indexes Global index provider MSCI is reviewing whether to remove Strategy and similar digital-asset treasury firms from its benchmarks. The group will decide in January. Analysts say this could reshape how investors approach companies that keep most of their value in tokens. MSCI raised concerns over whether these firms still fit the structure of traditional equity indexes. Its January decision lands around the same time, Strategy fights pressure from falling Bitcoin prices and rising market doubts. A 12-page letter sent Wednesday by Executive Chairman Michael Saylor and CEO Phong Le contested MSCI’s proposal. Saylor called the idea “misguided” and “harmful.”The letter listed objections tied to technology, accounting, and political environment.…

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Filed under: News - @ December 13, 2025 8:16 pm