MSTR News: Strategy surges 6% on MSCI decision not to exclude digital asset treasury firms from indexes
CoinDesk
MicroStrategy shares rose 6% after MSCI decided against immediately excluding digital asset treasury companies (DATs) from its indexes.Summary
Shares of MicroStrategy (MSTR) surged 6% in after-hours trading following the announcement that MSCI would not immediately exclude digital asset treasury companies (DATs) from its indexes. MSCI stated that distinguishing between investment companies and firms whose core operations involve holding digital assets requires further research and consultation, suggesting potential future assessment criteria. Consequently, the current index treatment for DAT companies whose digital asset holdings represent 50% or more of their total assets will remain unchanged for the time being. The news also provided a slight boost to Bitcoin, which added about 1% to trade around $93,500.
(Source：CoinDesk)