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Nov 22, 2025
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“Not a Fund, Not a Trust”: Saylor Draws the Line as MSCI Considers MicroStrategy’s Fate

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NEWS TODAY MicroStrategy CEO Michael Saylor fired back at MSCI’s review of the company’s classification, framing his firm as a hybrid operating business, not an investment fund. The clarification comes amid a formal consultation on how digital asset treasury companies (DATs) should be treated in flagship equity indexes…
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