According to @VanessaGrellet_, Strive urged MSCI to let the market decide how Bitcoin (BTC) treasury companies are treated, emphasizing that DAT companies have materially different corporate structures that warrant case-by-case assessment (source: @VanessaGrellet_ on X, Dec 5, 2025). For traders, the signal is to evaluate equity crypto-beta by company-specific balance-sheet exposure and governance design rather than assuming uniform index treatment across Bitcoin treasury names (source: @VanessaGrellet_ on X, Dec 5, 2025). Any MSCI index methodology decision on classification can influence index eligibility and passive flows, making forthcoming MSCI updates a key catalyst to monitor for crypto-exposed equities (source: MSCI Global Investable Market Indexes Methodology, MSCI).