Strategy (MSTR) shares jumped about 6% in after-hours trading Tuesday after MSCI said it will not exclude digital asset treasury companies from its indexes.
MSCI delays a classification change
MSCI said more work is needed to separate investment companies from operating firms that hold non-operating assets such as digital assets.
MSCI stated:
“Distinguishing between investment companies and other companies that hold non-operating assets, such as digital assets, as part of their core operations rather than for investment purposes requires further research and consultation with market participants.”
Index treatment stays the same for now
MSCI added that, for now, it will keep the current index treatment for companies on its preliminary list whose digital asset holdings represent 50% or more of total assets.
That decision was closely watched because an exclusion could have cut off billions of dollars of passive index-related inflows for Strategy and similar firms.
Other DATs and bitcoin also moved
Other digital asset treasury firms, including Bitmine Immersion (BMNR), Sharplink (SBET), and Twenty One Capital, also saw modest after-hours gains.
Bitcoin rose about 1% alongside the move, trading around $93,500 at the time.
