**[Michael Saylor Responds to MSCI's Potential Removal of Strategy from Index: Index Classification Does Not Define Us]** BlockBeats News, November 21: Michael Saylor published a statement addressing the risk that global financial index company MSCI might remove Strategy (MSTR) from its stock index. He stated: Strategy is not a fund, not a trust, and not a holding company, but rather a publicly traded operating company with a $500 million software business. It also executes a unique treasury strategy—using Bitcoin as productive capital. Just this year, it has completed five public issuances of digital credit securities—STRK, STRF, STRD, TRC, and STRE—with a total nominal value exceeding $7.7 billion. Additionally, it launched Stretch (STRC), a revolutionary Bitcoin-backed treasury credit instrument that provides variable monthly dollar yields for institutional and retail investors. Funds and trusts merely passively hold assets. Strategy is the creator, structurer, issuer, and operator. The team is building a new type of enterprise—a structured financial company backed by Bitcoin that can continuously innovate in both capital markets and software. No passive investment tool or holding company can achieve what we are doing. Index classification does not define us. Strategy's strategy is long-term, with unwavering belief in Bitcoin and a mission that has never changed: to build the world's first digital currency institution based on sound money and financial innovation.