Strategy has submitted feedback opposing MSCI's proposal to remove Digital Asset Treasury companies (DATs) from the Global Investable Market Index. Strategy argues that DATs are operational companies, not investment funds, and criticizes the 50% digital asset holding threshold as arbitrary and impractical. The proposal is seen as improperly incorporating policy factors into index compilation, conflicting with U.S. policy directions, and potentially stifling industry innovation. Strategy urges MSCI to withdraw the proposal.